Hannah Hammond walks through four ways to fund a startup: accelerators like Y Combinator, SBA loans, pitching friends and family, and using AI to find other platforms. She stresses that relationships matter most in fundraising.
Chapters
Hannah, I have a business idea, but I lack the funds. How do I get investments for the idea?
There's a lot of ways to raise capital for your business idea. One of them is called Y Combinator, and that's a website that you could go online and you can pitch your idea and they will take a portion of equity in your business and give you startup capital. There's also loans that help with business startups such as SBA loans, and that can help you get capital for your business as well. And another approach is going to friends and family or going into different networks or mastermind groups and sharing your idea with other leaders in the space that are very successful entrepreneurs and who invest in either venture capital or different startups, and they can help advise you on how to raise capital, and they might even become an investor as well. So it all comes down to relationship. Use the tools and technologies. Ask ChatGPT for different capital raising websites that can help you raise capital for your business as well.