A small investment, like $10K, is enough for a solo founder to fund their own salary for six months while...
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A small investment, like $10K, is enough for a solo founder to fund their own salary for six months while they build their product. Thatâs the premise behind [Micro Invest]( from maker Mohd Danish, which launched on Product Hunt after a positive response to a tweet about connecting founders to investors, one-to-one. To the outside world, tech fundraising is often portrayed as meetings with eccentric personalities in cutthroat VC firms, like Silicon Valleyâs Russ and Laurie. That wonât stop any time soon since venture capital continues to set records. Crunchbase shows "funding was up by more than $100 billion for the first half of 2021 compared to the previous half-year peak [of] global funding in the second half of 2020." Founders have more options these days though. Micro Invest is perhaps the flip side to crowdfunding, which became a more viable option for software startups because of products like [Republic](. Crowdfunding platforms offer makers access to a large pool of individual investors, including people they donât have existing relationships with. However, Danish believes that single relationships might help makers skip headaches related to fundraising and get straight to conversations with passionate backers who are also focused on building the product. A focus on execution is one reason makers cite choosing to bootstrap their company rather than fundraise at all. Bootstrappers often see their decision as one between focusing on users of their product and pleasing investors. Resources for bootstrappers are growing, too. A year ago, Andrew Gazdecki launched [MicroAcquire](, a marketplace that helps bootstrapped startups start conversations that lead to an acquisition. MicroAcquire has now surpassed $800K in annual recurring revenue from premium buyer subscriptions. Last week, Gazdecki deepened his dedication to this space by launching [Bootstrappers](, a publication dedicated to covering bootstrapped makers and their products. Whether makers choose to fund their own projects or fundraise is a decision they have to make based on personal and product needs. If youâre a maker thatâs considering fundraising, in addition to Micro Invest you can check out a couple of resources from others in the Product Hunt community: Max Fleitmann has put together [6 Lessons From Raising Millions from Investors]( and Eric Crane shared his [6 lessons]( after raising a $35M Series A for [Flatfile]( in March. [Micro invest or raise]( WHAT'S FOR LUNCH? You're at a restaurant in a foreign country and you see something on the menu you've never heard of â or maybe you just can't quite remember what's in it. It happens to the best of us. [Cibo]( is a new app that lets you point your camera at a menu to see photos of dishes and quickly identify what's on the menu. [Let's eat]( HIGHLIGHT
6 lessons from raising millions from investors
Maximilian Fleitmann shares his tips for helping founders raise money, from how to prepare and practice pitching to dealing with rejection. [Read more (7min read)]( SPONSORED BY Companies can have treasure troves of data, but that data is worthless if they donât know how to analyze it. Thatâs why Mixpanel is partnering with Product School, the leader in Product Management training, to bring you a free online Products Analytics Certification course so anyone can master the âins and outsâ of product analytics. This self-paced course will teach you how to build behavioral metrics from scratch and unpack complex topics like acquisition metrics, retention metrics, and product experimentation. [Enroll for free]( Monday, 6 September 2021
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