If you’ve got a nice idea to start up an app, it could be the next Slack, Dropbox, or even Snapchat. It could also be a prototype, a concept, or a start-up app with a great vision.
No matter what, making an app is a type of business. Just like starting an agency or opening an eatery, you’ll need assets like investors, traction, tools, a lot of money, and spare time.
Before you forget about your day job, you need your idea to be validated and your funding secured.
The Start-up App Funding Race
New apps are added to App Store daily. It never stops growing. This shows that apps serve as part of the fastest-growing segment in the technology market over the past decade. By the following years, it is expected to grow to about $100B through the world.
Looking at how these growth projections would continue, the number innovation investment opportunities available should not be too far off.
CrunchBase reports stated that about $18 billions of funds went to about 3,000 app companies that were starting up. A lot of the heavy hitters included Coin Base and Snapchat.
With time, the app market would increase in size and it would keep increasing through all the sectors
Presently, the market has matured and is more prone to double down on the companies that have proven to be better in the market.
Venture Capital Funding
Venture capital funding follows the same trend.
These days, more app companies are entering into the market than before. Now the number of funds is diluted, and it is more difficult than before to get investors to gain funding into your start-up companies than going to other companies that already exist and are more profitable.
With your new idea, don’t let this scare you off. With help, you should get the amount of funding you need for your start-up app company.
There are different stages that you could use to find your start-up company.
If your start-up app idea has been taken by the market, your customers and the conditions and all other investors would make it easier for you to gain a high amount of funds for your app.
Funding comes in several ways; it could come in rounds which would be in several bursts of financing from investors.
Always have hope and know that no start-up app idea of yours is a waste. There are always investors and individuals with good hearts out there. It is up to you to find them – whether asking your family and friends for start-up help, or finding an angel investor.