I'm starting a Fintech company with a friend from undergrad. We are both working fulltime at our respective jobs. We are close to having a working demo and are thinking of quiting by end of year to work on our startup fulltime. We both would like to go the VC way and raise some money (we need some income to maintain our families.)

Neither of us has raised money before. Can anyone provide some ballpark numbers on how much money we can raise vs how much equity we give? Any aprox guidance helps.

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Thanks JP1. Yes, a lot of homework done, roughly 2 years. TAM $1B. I have a lot of contacts in the industry (four possible partners to start.) Working demo ready by end of year. Only one real player we are competing against. We think we can offer a superior product at a significant lower fee.

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Before we get into full deets.. has the legwork been done or is this a good idea to market thing? By legwork I mean did proper customer discovery and validated the Tam/Sam/Som?

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Replied to your questions to the general thread ☝️

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what kind of fintech? if its personal finance maybe partnering with banks

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