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I have an idea that I want to develop it into a product. At this stage, I am not sure if I can receive financial support from VC or not. My idea will have a great future, but how can a convince a VC and get capital? Thank you in advance.
It is going to be very tough to convince a VC to give you money with just an idea. This ain't 1999 where you can draw your idea on a napkin and get a check for $5M to run with it.
What you need to do is develop the idea a little further on your own or with a friend using your own money - or money from a bank.
Once you've taken it to a decent point and need to pursue additional capital, you should go after someone smaller first such as an Angel Investor. Of course, I dont know what the idea is so it would be tough to give you advice much beyond that.
Not to push our Angel Investor book, but if you are contemplating raising money and don't know much about it, this is a great resource.
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