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Working Code Before Seeking Venture Capital

Published: 4/9/2008 1:13:15 PM

Here's a good (short) post about the value of having a working prototype of your software or Internet application before you go out for venture capital.

As an angel investor, I'm more used to seeing companies at the "idea" stage, but looking back on the past few years, I can't think of one that got funded without at least a bare bones "alpha" stage product.

With the costs of coding something functional continuing to drop - whether through better development tools or cheaper offshore or near-shore resources - you no longer have an excuse for not having a working prototype of at least some basic functionality.

Don Jones

VentureDeal

 

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Don Jones
CEO, VentureDeal

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