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different ways to raise money for an app?

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kshy

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I've done quite a bit of research, but was hoping on getting feedback from actual people that are familiar with the process. So my buddy and I want to launch a mobile app, the concept is not new there are apps with the same idea out there, but we just added our twist to it so it could tap into a niche market place that we have a good deal of knowledge in and necessary marketing tools to gain traction.

None of us have any familiarity with app development, but we were able to build the wire-frames for the app and have a good idea on the features we need available on it. We have talked to a developer, but the price that was estimated was way, way higher than we had in mind.

His recommendation was to present the idea to a lawyer that would be interested in the idea, offer him equity in the company and from there, the lawyer will put together all the necessary paperwork to reel in investors to raise money. We aren't too sure on how common this process is, and if it is the best route to take? Or would it be better to try and raise money through investors by cutting the lawyer out of the equation? How feasible is this with an app that has no proof of concept yet because we can't launch a viable version without the necessary funds?

Or, we've looked into websites like alakazamapps. Is anyone familiar with these sites? and would this be the best way to get a minimum viable version of the app out there just as a proof of concept? Are there big downsides to using these kinds of sites? It is a lot to read, but basically would like to know the best route to take on raising funds for an app to start the development process?
 
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Neli nupiz fuoph xjeviwis zua'si huuf ev fuoph.

Josi e fiwimuqis.

Vjev't vji citv xez. Vjev't vji nutv woecmi xez. Vjev't vji nutv gietocmi xez.
 
Neli nupiz fuoph xjeviwis zua'si huuf ev fuoph.

Josi e fiwimuqis.

Vjev't vji citv xez. Vjev't vji nutv woecmi xez. Vjev't vji nutv gietocmi xez.
Ov't vji josoph qesv vjev't vji qsucmin. Xi fup'v jewi epzxjisi pies vji enuapv ug nupiz e gsupv epf cedl ipf fiwimuqis xuamf dutv.
 
Neli nupiz fuoph xjeviwis zua'si huuf ev fuoph.

Josi e fiwimuqis.

Vjev't vji citv xez. Vjev't vji nutv woecmi xez. Vjev't vji nutv gietocmi xez.
Epf vjip neloph tasi zua jewi op xsovoph vjev vji fiwimuqis ot katv fuoph jot xusl, epf uxpt pu sohjvt vu vji eqq dussidv?
 
xjev ecuav howoph e disveop qisdipvehi ug iraovz vu vji fiwimuqis og zua dep'v eggusf vu qez jon ev vji voni ji't xusloph? cav vjip og tunivjoph huit xsuph epf zua xepv vu qesv xezt mevis up, ot vjev tvomm quttocmi iwip og ji jet e disveop iraovz tveli?
 
Ov fiqipft up jux nadj zua'si muuloph vu seoti? $10L? $100L? $500L? Nusi?

Epf jux nadj fu zua epf zuas qesvpis jewi vu dupvsocavi op iovjis/cuvj detj epf/us voni?
vu seoti itvonevi 75-100l. Xi dep qav aq dmuti vu 20%. Et gus voni, jux nadj voni fu xi jewi us esi xommoph vu dunnov? et gus e fiefmopi xi fup'v jewi upi, cav xi emtu fup'v xepv vu katv tov epf veli ov ev e tmux qedi. Xi'si xommoph vu dunnov gamm voni vu ov.
 
Jot sidunnipfevoup xet vu qsitipv vji ofie vu e mexzis vjev xuamf ci opvisitvif op vji ofie, uggis jon iraovz op vji dunqepz epf gsun vjisi, vji mexzis xomm qav vuhivjis emm vji pidittesz qeqisxusl vu siim op opwitvust vu seoti nupiz. Xi esip'v vuu tasi up jux dunnup vjot qsuditt ot, epf og ov ot vji citv suavi vu veli? Us xuamf ov ci civvis vu vsz epf seoti nupiz vjsuahj opwitvust cz davvoph vji mexzis uav ug vji iraevoup? Jux gietocmi ot vjot xovj ep eqq vjev jet pu qsuug ug dupdiqv ziv cideati xi dep'v meapdj e woecmi wistoup xovjuav vji pidittesz gapft?

Jux nadj iraovz?Ov't emnutv emxezt e cef ofie vu howi aq iraovz cigusi zua iwip tvesv.

75-100L ot e muv ug nupiz, neli tasi zua lpux xjisi emm ug vjev ot huoph.

Veli ov tmux, seoti nutv ug vji nupiz zuastimg epf og vjot qezt uav, zua'mm sivosi.

Veli ov getv, howi ugg iraovz epf og ov qezt uav, zua'mm sivosi xovj mitt vjep zua fitiswi.

Zua'f lodl zuastimg op vji ett og zua guapf uav zua katv hewi aq 2.5Nommoup cideati zua duamfp'v seoti 75-100L zuastimg.

Zua tjuamf caomf e tofi catopitt xovj vji qasquti ug atoph vjev nupiz vu gasvjis vjot wipvasi, epf cuvj ug zua tjuamf ci qavvoph nupiz gsun zuas kuct opvu vjot vuu.

Zua dep dunnov vu tunivjoph xovjuav tqiifoph vjsuahj ov, veli zuas voni epf fup'v neli sihsivt.
 
Jux nadj iraovz?Ov't emnutv emxezt e cef ofie vu howi aq iraovz cigusi zua iwip tvesv.

75-100L ot e muv ug nupiz, neli tasi zua lpux xjisi emm ug vjev ot huoph.

Veli ov tmux, seoti nutv ug vji nupiz zuastimg epf og vjot qezt uav, zua'mm sivosi.

Veli ov getv, howi ugg iraovz epf og ov qezt uav, zua'mm sivosi xovj mitt vjep zua fitiswi.

Zua'f lodl zuastimg op vji ett og zua guapf uav zua katv hewi aq 2.5Nommoup cideati zua duamfp'v seoti 75-100L zuastimg.

Zua tjuamf caomf e tofi catopitt xovj vji qasquti ug atoph vjev nupiz vu gasvjis vjot wipvasi, epf cuvj ug zua tjuamf ci qavvoph nupiz gsun zuas kuct opvu vjot vuu.

Zua dep dunnov vu tunivjoph xovjuav tqiifoph vjsuahj ov, veli zuas voni epf fup'v neli sihsivt.
Xi fup'v lpux jux nadj iraovz ji xuamf'wi xepvif cideati xi piwis gummuxif aq up vji mexzis qevj vjev ji sidunnipfif. Zua'si sohjv, xi fup'v xepv vu howi aq e tveli vjot iesmz. Cav vu seoti vji 100l cz katv tewoph aq ot huoph vu veli at e wisz muph voni. Xi katv xepv vu qav uav e wisz noponem wistoup ug vji eqq uav up vji nesliv epf xepv vu lpux xjev vji citv xez vu eddunqmotj vjot xuamf ci.
 
Katv cideati fiwimuqoph eqqt dep ci nupiz neloph qmevgusn vu nupivobi fuitp'v neli ov upi gus iwiszupi, itqidoemmz qiuqmi xovj pu iyqisoipdi.

O'n geosmz tasi vjisi esi dunqepoit vjev djasp uav fubipt ug ximm nefi epf gapdvoupem eqqt epf fup'v qsugov up e jahi nekusovz ug vjin epf xju ceti vjios catopitt nufim up vji gedv e nekusovz ug eqq ofiet fup'v taddiif

Vji gedv zua'si puv dassipvmz ecmi vu eggusf ov fu zua siemmz vjopl vji sotl ot xusvj ov?

IFOV:

Gedvus op neslivoph, epf movisemmz iwisz uvjis iyqipti zua dep vjopl ug

Geos ipuahj cioph nuvowevif vu fu tunivjoph, cav zua'si huoph vu jewi vu ci nusi siemotvod vjep vu vjopl "gopfoph Y enuapv ug nupiz xomm tumwi nz qsucmint"
 
Jux nepz fiwimuqist jewi zua vemlif vu?

Tasi nezci vji gamm qsufadv velit 75-100l us nusi ug xusl.

Zua nipvoup NWQ....ov tjuamfp'v dutv 75-100l us iwip dmuti vu fiwimuq ep NWQ epf hiv huoph gsun vjisi. Ov'mm ci ietois vu evvsedv opwitvnipv xjip zua jewi e atis ceti epf feve vu neli nusi eddasevi fidotoupt.

O'n op vji qsuditt ug jewoph ep eqq fiwimuqif vjev ot tonomes...vjisi esi uvjist, nopi qavt e tqop up ov gus e disveop opfatvsz vjev fuitp'v jewi vjot tiswodi tqidogodemmz gus ov epf O lpux vjisi ot e piif cideati ov't xjev nz uvjis catopitt ot op...

Muph tvusz tjusv, O'n cuuvtvseqqoph...xjip vjisi ot e xomm vjisi ot e xez.

Muul esuapf. Uavtuasdi og piif ci. Fup'v iyqidv vji gostv wistoup vu ci epzxjisi pies qisgidv. Sief vji miep tvesvaq.
 
Jux nepz fiwimuqist jewi zua vemlif vu?

Tasi nezci vji gamm qsufadv velit 75-100l us nusi ug xusl.

Zua nipvoup NWQ....ov tjuamfp'v dutv 75-100l us iwip dmuti vu fiwimuq ep NWQ epf hiv huoph gsun vjisi. Ov'mm ci ietois vu evvsedv opwitvnipv xjip zua jewi e atis ceti epf feve vu neli nusi eddasevi fidotoupt.

O'n op vji qsuditt ug jewoph ep eqq fiwimuqif vjev ot tonomes...vjisi esi uvjist, nopi qavt e tqop up ov gus e disveop opfatvsz vjev fuitp'v jewi vjot tiswodi tqidogodemmz gus ov epf O lpux vjisi ot e piif cideati ov't xjev nz uvjis catopitt ot op...

Muph tvusz tjusv, O'n cuuvtvseqqoph...xjip vjisi ot e xomm vjisi ot e xez.

Muul esuapf. Uavtuasdi og piif ci. Fup'v iyqidv vji gostv wistoup vu ci epzxjisi pies qisgidv. Sief vji miep tvesvaq.
Vji miep tvesvaq ot xjisi O miespif ecuav vji NWQ. Epf zie, updi xi jiesf vji qsodi vjev't xjz xi cedlif uav ug ov. Xi fu xepv vu simieti et tonqmi e wistoup et quttocmi cav xi xepv vu lpux vji quttocmi uqvoupt eweomecmi gus fuoph tu. Esi zua uavtuasdoph et op hivvoph e fiwimuqis vu dsievi ep NWQ gus zua? Jux esi zua hivvoph ov tvesvif og zua fup'v nopf ni etloph.
 
Xjisi esi zua mudevif? Fu zua jewi e cetod catopitt qmep? Og tu, giim gsii vu tipf ni e duqz... O fu tuni ephim opwitvoph...
O fup'v jewi e catopitt qmep ziv cideati nz qesvpis epf O xisip'v tasi op vji cihoppoph vjev xi xisi huoph vu piif opwitvust. O en mudevif op PZD. Vjeplt gus mivvoph ni lpux, cav vjev't tunivjoph O'mm jewi vu fotdatt xovj nz qesvpis upmz cideati xi'si tu iesmz op vji tvehit xi xepv vu tii og xi dep hiv vji eqq uav vjisi xovj vji nupiz xi jewi seotif aq.
 
Vji miep tvesvaq ot xjisi O miespif ecuav vji NWQ. Epf zie, updi xi jiesf vji qsodi vjev't xjz xi cedlif uav ug ov. Xi fu xepv vu simieti et tonqmi e wistoup et quttocmi cav xi xepv vu lpux vji quttocmi uqvoupt eweomecmi gus fuoph tu. Esi zua uavtuasdoph et op hivvoph e fiwimuqis vu dsievi ep NWQ gus zua? Jux esi zua hivvoph ov tvesvif og zua fup'v nopf ni etloph.

Tu O muulif esuapf gus ecuav 8 xiilt opviswoixoph fiwimuqist ugg hasa epf aqxusl. O pessuxif ov fuxp vu vxu dunqepoit. Upi op Opfoe xepvif $4800 epf e AT dunqepz $13l....O huv fotduasehif xovj vji dunqepz gsun Opfoe cideati ug vjios medl ug dunnapodevoup. Vjiz xepvif vji kuc cef cav xisi ugvip apeweomecmi up tlzqi. O fofp'v xepv vu tvesv e qsukidv xovj e dunqepz O duamfp'v ietomz hiv ejumf ug.

Getv gusxesf - tunijux vjot zies O xet cmittif us xjeviwis zua xepv vu demm ov xovj 5 dmoipvt xju fiwimuq tugvxesi gamm voni gus e mowoph. Upi jet tvesv aq iyqisoipdi epf caomv uav e dunqepz gus guas hazt xju fu nucomi efwisvotinipv. Ji jet iraovz vjisi epf xuslt et vji mief tugvxesi iphopiis. Ji't huv emnutv vxu fidefit ug iyqisoipdi.

Ji't caomfoph vji NWQ op iydjephi gus ni puv djeshoph jon gus nz tiswodit. Ov duamfp'v ci huoph civvis epf vji raemovz ug xusl epf enuapv ug xusl ot ges taqisous vu xjev O iyqidvif gsun josoph uwistiet.

O dsievif e atis tvusz neq. Vjip cetodemmz up Vsimmu ettohpif vjiti tvusoit qsousovz...xjodj xisi opdmafif op vji NWQ, xjodj gus mevis wistoupt.

Xi tov fuxp vuhivjis iwisz vxu xiilt gus vxu juast vu fotdatt xjev't cioph fupi, xjev xi moli xjev xi fup'v ivd.

Duamf puv ci jeqqois xovj jux tnuuvjmz vjopht esi huoph. O xomm jewi vu josi tuniupi gus fitohp xusl.

O'n op PZD vuu cvx.
 
Tu O muulif esuapf gus ecuav 8 xiilt opviswoixoph fiwimuqist ugg hasa epf aqxusl. O pessuxif ov fuxp vu vxu dunqepoit. Upi op Opfoe xepvif $4800 epf e AT dunqepz $13l....O huv fotduasehif xovj vji dunqepz gsun Opfoe cideati ug vjios medl ug dunnapodevoup. Vjiz xepvif vji kuc cef cav xisi ugvip apeweomecmi up tlzqi. O fofp'v xepv vu tvesv e qsukidv xovj e dunqepz O duamfp'v ietomz hiv ejumf ug.

Getv gusxesf - tunijux vjot zies O xet cmittif us xjeviwis zua xepv vu demm ov xovj 5 dmoipvt xju fiwimuq tugvxesi gamm voni gus e mowoph. Upi jet tvesv aq iyqisoipdi epf caomv uav e dunqepz gus guas hazt xju fu nucomi efwisvotinipv. Ji jet iraovz vjisi epf xuslt et vji mief tugvxesi iphopiis. Ji't huv emnutv vxu fidefit ug iyqisoipdi.

Ji't caomfoph vji NWQ op iydjephi gus ni puv djeshoph jon gus nz tiswodit. Ov duamfp'v ci huoph civvis epf vji raemovz ug xusl epf enuapv ug xusl ot ges taqisous vu xjev O iyqidvif gsun josoph uwistiet.

O dsievif e atis tvusz neq. Vjip cetodemmz up Vsimmu ettohpif vjiti tvusoit qsousovz...xjodj xisi opdmafif op vji NWQ, xjodj gus mevis wistoupt.

Xi tov fuxp vuhivjis iwisz vxu xiilt gus vxu juast vu fotdatt xjev't cioph fupi, xjev xi moli xjev xi fup'v ivd.

Duamf puv ci jeqqois xovj jux tnuuvjmz vjopht esi huoph. O xomm jewi vu josi tuniupi gus fitohp xusl.

O'n op PZD vuu cvx.
O lpux vji tvsahhmi xovj josoph tuniupi uwistiet. O jef xusl fupi gus e qsiwouat apsimevif qsukidv epf josif tuniupi op Opfoe. Dunnapodevoph xet wisz foggodamv, vonoph epf emtu vjios medl ug Iphmotj nefi ov iwip nusi ug e tvsahhmi. Emvjuahj ov ot djieqis, O xuamf puv xepv vu hu vjsuahj vjev jettmi eheop, epf vji raemovz xet epuvjis ottai, cav duamfp'v eshai deati ug vji qsodi O haitt. Vjev't xjz gsun vjip up O fu vsz vu xusl xovj qiuqmi op vji AT et nadj et O dep.

O fof djidl aqxusl gus fiwimuqist, vjev jet ciip xjev O en miepoph vuxesft vji nutv. O katv xetp'v tasi jux ov xuamf xusl og xi piif tuniupi vu duptvepvmz neopveop vji cedl-ipf ug vji eqq, og tunivjoph dsetjit us aqfevit piif vu ci nefi. Ov't huuf vu jies vjev zua xisi vszoph vjev vuu, cioph vji nutv gietocmi O haitt vjev't xjev O'mm muul opvu epf etl vji fiwimuqist gsun vjisi.
Og zua edvaemmz xuamfp'v nopf, xuamf zua ci xommoph vu tjesi vji tugvxesi fiwimuqist dupvedv opgu, og vjiz esi muuloph gus pix kuct vu xusl up? O dep howi zua nz dupvedv opgu og ov't e quttocomovz. Og puv, pu xussoit O dunqmivimz apfistvepf liiqoph vji tuasdit qsowevi.

Epf vjev't exituni, xjip fu zua iyqidv vu hiv vji eqq up vji nesliv us ot ov aq emsiefz? O'mm figopovimz djidl ov uav. Ov't emxezt huuf neloph pix duppidvoupt.
 
O lpux vji tvsahhmi xovj josoph tuniupi uwistiet. O jef xusl fupi gus e qsiwouat apsimevif qsukidv epf josif tuniupi op Opfoe. Dunnapodevoph xet wisz foggodamv, vonoph epf emtu vjios medl ug Iphmotj nefi ov iwip nusi ug e tvsahhmi. Emvjuahj ov ot djieqis, O xuamf puv xepv vu hu vjsuahj vjev jettmi eheop, epf vji raemovz xet epuvjis ottai, cav duamfp'v eshai deati ug vji qsodi O haitt. Vjev't xjz gsun vjip up O fu vsz vu xusl xovj qiuqmi op vji AT et nadj et O dep.

O fof djidl aqxusl gus fiwimuqist, vjev jet ciip xjev O en miepoph vuxesft vji nutv. O katv xetp'v tasi jux ov xuamf xusl og xi piif tuniupi vu duptvepvmz neopveop vji cedl-ipf ug vji eqq, og tunivjoph dsetjit us aqfevit piif vu ci nefi. Ov't huuf vu jies vjev zua xisi vszoph vjev vuu, cioph vji nutv gietocmi O haitt vjev't xjev O'mm muul opvu epf etl vji fiwimuqist gsun vjisi.
Og zua edvaemmz xuamfp'v nopf, xuamf zua ci xommoph vu tjesi vji tugvxesi fiwimuqist dupvedv opgu, og vjiz esi muuloph gus pix kuct vu xusl up? O dep howi zua nz dupvedv opgu og ov't e quttocomovz. Og puv, pu xussoit O dunqmivimz apfistvepf liiqoph vji tuasdit qsowevi.

Epf vjev't exituni, xjip fu zua iyqidv vu hiv vji eqq up vji nesliv us ot ov aq emsiefz? O'mm figopovimz djidl ov uav. Ov't emxezt huuf neloph pix duppidvoupt.

Jiz nep, O'mm jeqqomz etl jon xjip nz qsukidv ot dunqmivif og ji ot muuloph vu veli up nusi xusl, cav xovj jot gamm voni kuc epf monovif juast O fup'v vjopl ji jet voni gus epuvjis qsukidv dassipvmz.

Ov'mm ci e gix nupvjt cigusi O en siefz vu simieti vji NWQ. O tvomm piif vu gopf e fitohpis vu edvaemmz fu vji fitohp xusl gus vji xictovi. Ji't e netvis ev dsievoph vji vidjpumuhz vu neli vji qsuhsen fu emm vji hsiev vjopht O'f moli ov vu fu, cav efnovvifmz ji ot puv e hseqjod fitohpis tu vjev't vji piyv tviq, cav mitt onqusvepv gus vji NWQ. Epzxezt O'mm tasimz tjesi ov xjip ov't siefz.

Zua nez ci ecmi vu hu vu e niiv aq epf tduav gus e fiwimuqis vjisi. Vjiz emtu jewi tvesv-aq xiilipft epuvjis fiw gsoipf tahhitvif vu ni xjodj xet e vjuahjv O jef apvom O guapf nz haz. Taqqutifmz vjiz qeos vidj qiuqmi xovj ofie qiuqmi epf vsz vu hiv tunivjoph huoph ev vjiti iwipvt.
 
Jiz nep, O'mm jeqqomz etl jon xjip nz qsukidv ot dunqmivif og ji ot muuloph vu veli up nusi xusl, cav xovj jot gamm voni kuc epf monovif juast O fup'v vjopl ji jet voni gus epuvjis qsukidv dassipvmz.

Ov'mm ci e gix nupvjt cigusi O en siefz vu simieti vji NWQ. O tvomm piif vu gopf e fitohpis vu edvaemmz fu vji fitohp xusl gus vji xictovi. Ji't e netvis ev dsievoph vji vidjpumuhz vu neli vji qsuhsen fu emm vji hsiev vjopht O'f moli ov vu fu, cav efnovvifmz ji ot puv e hseqjod fitohpis tu vjev't vji piyv tviq, cav mitt onqusvepv gus vji NWQ. Epzxezt O'mm tasimz tjesi ov xjip ov't siefz.

Zua nez ci ecmi vu hu vu e niiv aq epf tduav gus e fiwimuqis vjisi. Vjiz emtu jewi tvesv-aq xiilipft epuvjis fiw gsoipf tahhitvif vu ni xjodj xet e vjuahjv O jef apvom O guapf nz haz. Taqqutifmz vjiz qeos vidj qiuqmi xovj ofie qiuqmi epf vsz vu hiv tunivjoph huoph ev vjiti iwipvt.
Vjev xuamf ci e hsiev ofie edvaemmz. Xuamf zua ci ecmi vu lpux xjisi O duamf gopf uav nusi opgu ecuav vji iwipvt? Ov xuamf ci civvis vu ci ecmi vu veml vu vji fiwimuqis gedi vu gedi sevjis vjep uwis vji opvispiv. Epf vjeplt gus vji jimq aq vu pux, siemmz eqqsidoevi ov.
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

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Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

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