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Advice on business planning as a solo-founder

xenon2020xenon2020 subscriber Posts: 1 Member

I created a DE C Corp as a solo-founder two months ago to make a new hardware product and it is initially self-funded. I submitted a provisional patent while I am working on MVP. The MVP should cost 30k and it may take 2 months. I have all expertise that I need and therefore, I did not add co-founders or engineers.

Is the following a good business approach for such an early stage startup to secure pre-seed funding with priority:

(1) Add an advisor (technical or business development).

(2) work on MVP and in parallel, apply for pre-seed funds to VCs.

I do prefer to work on MVP in parallel to work on pre-seed funding, since some unexpected technical issues might prevent completing the MVP (such as lab equipment) and I also have limited self-funds to run a corporate.

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