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Started By
Message
How to find a tech investor in louisiana or surounding areas
Posted on 8/26/17 at 9:57 am
Posted on 8/26/17 at 9:57 am
Me and my team have created a social application to help college students succeed
We are currently searching for investors but are unsure how to find people to speak with in Louisiana.
Can anyone guide us in the correct direction.
Thanks. Much appreciated
We are currently searching for investors but are unsure how to find people to speak with in Louisiana.
Can anyone guide us in the correct direction.
Thanks. Much appreciated
This post was edited on 8/26/17 at 1:05 pm
10
Posted on 8/26/17 at 10:07 am to tigersint
Did you just reveal your idea to the entire internet?
Posted on 8/26/17 at 10:15 am to BearsFan
Business degree from SLU.
#lionup
#lionup
Posted on 8/26/17 at 10:19 am to tigersint
In response to your question, I have no idea. I would imagine that sort of thing would be hard to find backing for in LA. But if you do have a great idea just be careful with who you tell it to.
Posted on 8/26/17 at 10:40 am to tigersint
Start in Austin and work your way back? I know it's not Louisiana, but there's lots of tech work going on there. Maybe some people/companies play on both sides of the state line.
Posted on 8/26/17 at 12:32 pm to tigersint
There is virtually no VC money in LA for that kind of thing,
Posted on 8/26/17 at 12:56 pm to BearsFan
Well we have already launched our product. So it is not an idea. Its a business that we are trying to promote and get funding to expand.
This post was edited on 8/26/17 at 12:57 pm
Posted on 8/26/17 at 1:38 pm to tigersint
I may be able to help, I can post my email again if needed
This post was edited on 8/26/17 at 2:15 pm
Posted on 8/26/17 at 2:01 pm to tigersint
Oh man. Coming from the startup world, I cringe when I hear "me and my team created a social application to help college students succeed".
So what? How many users do you have? How much money are you making a month? If you don't have either, when will you and how and how do you scale it?
Nothing else really matters. Your idea is not special. Your idea is not going to make you the next Mark Zuckerberg. You're only concern is revenue and users. Get to $1,000 a month revenue and then go look for money. At least then, you'll have a small start.
If you have that, you won't have any problem finding the investors. People don't invest in ideas. They invest in businesses. This will make me sound like a dick. That's ok. I'm speaking from experience. I failed at launching a startup and after the excitement wears off of pitching in a competitions and people telling you your idea is incredible, it's an exhausting road. All business ownership is.
Best of luck to you and your team, but I would warn you to really look yourselves in the mirror and be honest with yourself and your "business". It may save you a lot of time and heartache.
So what? How many users do you have? How much money are you making a month? If you don't have either, when will you and how and how do you scale it?
Nothing else really matters. Your idea is not special. Your idea is not going to make you the next Mark Zuckerberg. You're only concern is revenue and users. Get to $1,000 a month revenue and then go look for money. At least then, you'll have a small start.
If you have that, you won't have any problem finding the investors. People don't invest in ideas. They invest in businesses. This will make me sound like a dick. That's ok. I'm speaking from experience. I failed at launching a startup and after the excitement wears off of pitching in a competitions and people telling you your idea is incredible, it's an exhausting road. All business ownership is.
Best of luck to you and your team, but I would warn you to really look yourselves in the mirror and be honest with yourself and your "business". It may save you a lot of time and heartache.
This post was edited on 8/26/17 at 2:05 pm
Posted on 8/26/17 at 2:04 pm to tigersint
quote:
Well we have already launched our product. So it is not an idea. Its a business that we are trying to promote and get funding to expand.
Just saw this. Do you have users and or revenue? How much? You'll have no problem getting meetings if the answer to this is yes.
I met a guy in San Francisco from LSU who started Yellow Jacket. I think it was a taser like cell phone case. They sold a ton and raised a bunch also. May be valuable to reach out to them for advice. Most entrepreneurs will share successes and failures to help others.
This post was edited on 8/26/17 at 2:32 pm
Posted on 8/26/17 at 2:37 pm to LSUShock
Eyedropper.
Send me an email to wcasoccer21@gmail.com
Thanks!
Send me an email to wcasoccer21@gmail.com
Thanks!
Posted on 8/26/17 at 2:40 pm to LSUShock
We have earned enough advertisement money pre launch to pay for our servers for a year and have gained 150 users in our first week. Just launched at UL last week. Planning to get an app and expand to LSU in about a month. We need more money to expand past 2 schools tho.
The trouble that i am having is knowing where to go to talk with people.
The trouble that i am having is knowing where to go to talk with people.
This post was edited on 8/26/17 at 2:57 pm
Posted on 8/26/17 at 4:23 pm to tigersint
Interesting. Im a higher ed guy myself. Would I be interested or do you need a tech advisor?
My money is green if the idea is solid.
anctigerdroppings@gmail.com
My money is green if the idea is solid.
anctigerdroppings@gmail.com
This post was edited on 8/26/17 at 4:29 pm
Posted on 8/26/17 at 4:35 pm to anc
Consider going to McNeese next. The SEED Center in Lake Charles is where the Waitr app started. There is an Angel investment group there that will hear your pitch and invest if the idea is good enough.
Posted on 8/26/17 at 4:53 pm to tigersint
Lead every pitch you do with the money you have earned from advertisements and your users. Nothing else matters to the investor. The people who will "ewww" and "ahh" your idea are never anybody who can help you.
Also, always raise more than you think you need. I'm not sure what your growth goals or scaling looks like, but anything under $500,000 is a warning sign for serious investors. The local guys will think that's crazy.
I would suggest looking into 1Million Cups and pitching there in either BR or NO. It's a dog and pony show in my area, but it's a good avenue to meet people who probably can push you in the right direction.
I would suggest finding a way to get as far as possible without taking on investment. If you guys could bootstrap the UL version, why not the LSU one? Is anyone on your team a technical founder?
Also, always raise more than you think you need. I'm not sure what your growth goals or scaling looks like, but anything under $500,000 is a warning sign for serious investors. The local guys will think that's crazy.
I would suggest looking into 1Million Cups and pitching there in either BR or NO. It's a dog and pony show in my area, but it's a good avenue to meet people who probably can push you in the right direction.
I would suggest finding a way to get as far as possible without taking on investment. If you guys could bootstrap the UL version, why not the LSU one? Is anyone on your team a technical founder?
Posted on 8/26/17 at 6:14 pm to LSUShock
my 2 co-founders are both technical guys.
thanks for all of the assistance guys. I have sent some emails to the posts above.
thanks for all of the assistance guys. I have sent some emails to the posts above.
Posted on 8/27/17 at 1:32 am to anc
quote:
My money is green if the idea is solid.
Yikes. This is how you lose your money.
Tigersint,
I would hope 2 technical guys aren't maxed out at creating location specific app that supports 150 people. Needing to raise funds after that is already alarming.
I'm super passionate about this because I come from the space as both a failed "founder" and an employee. There is so much fluff and ego stroking of "great" ideas it is endless. None of this ever amounts to anything.
I suggest following Paul Singh, Chris Heivly, and others. Subscribe to StrictlyVC & Hustle. If you're actually legit, get on angellist & crunchbase. I can tell by the responses or lack thereof you guys have a long way to go. Good luck.
This post was edited on 8/27/17 at 1:46 am
Posted on 8/27/17 at 10:02 am to LSUShock
Posted on 8/27/17 at 2:38 pm to TigerRob20
We can support up to around 10K students with our money to run servers, but as we expand our server prices will go up.
The investment can also help tremendously with advertising so that we can expand out to more schools across the nation
The investment can also help tremendously with advertising so that we can expand out to more schools across the nation
Posted on 8/27/17 at 11:08 pm to tigersint
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