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Build Your MVP Without Funding #shorts

Name: Build Your MVP Without Funding #shorts
Uploaded: 2024-02-24T08:30:04+00:00
Duration: 26 s
Channel: Royston G King
Description: In this short video, the speaker shares a personal experience of trying to launch a product without external funding. They explain that they assembled a…

24 Feb 2024 · 0 min

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In this short video, the speaker shares a personal experience of trying to launch a product without external funding. They explain that they assembled a prototype using off‑the‑shelf software, then approached several investors. The investors mistakenly assumed the product was already built and declined to fund a project that, in reality, was still in development. The speaker reflects on the irony that investors often back unbuilt ideas, yet in this case they refused. Ultimately, a company offered to let the speaker build the solution for them, providing a path forward without traditional venture capital.

I've got this problem and I needed to solve it. I don't have the resources to go and build this, but I've kind of built it with off-the-shelf software. And so I met with a few investors and eventually they said, we didn't realize at the time that this wasn't a product, we thought it was already built. And I said no. And they said, well, we can't invest in something that isn't built yet. And I was like, that's very strange. I now understand that as ridiculous because people invest in things that aren't products all the time. So that didn't happen. But one company did say, yeah, we don't care, come build it for us. And that's what happened.