If you saw somewhere some info, clickbait, an interview about how to make your…

If you saw somewhere some info, clickbait, an interview about how to make your first cash in venture. With a project or an idea. Then please check these three points and don’t listen to air stirrers.

They’ll give you money for your idea or team or product if:
1/ you have a track record, meaning previous results that are known in the industry
2/ you have metrics (measurable traction) at the moment you’re raising money and they’re too good to pass up (there’s also the option to show a wow effect — tech — but that’s rare)
3/ you have a network of rich or badass people who trust you and will give you money

That’s it. There are no other ways to raise cash. Decks, descriptions, advisor advice and all that — that’s already the next step.

Next, all else being equal (obviously we remove track record): they’ll give money to someone young under 30, better 25, because it’s easier for them to risk their lifestyle and time.

Next, the easiest places to raise money:
1/ in the US
2/ Europe/England
3/ everything else
4/ China/Korea if you know the language

Doing a startup is one of the least likely ways to earn money for a living. You’ll more likely kill your nerves. But at the same time, probably the most interesting activity, full of action and opportunities.