money would This amount is only for the development of the application until its release., support, bug fixing, expanding functionality and a sales department.
Naturally, we didn’t have our own funds to bring the app to market, but we really didn’t want to give up on the idea, as it seem extremely promising. The free app for buyers could accommodate ads from food manufacturers and retail chains.
It just so happen that among our
Acquaintances there were no people who want to invest such a sum in a startup at the idea stage. We decid to contact the management of the company where we work at that time. Having told our idea and the prospects for its development to the CEO, we said that we would be working on a new project and therefore decid to quit. We also offer the manager to invest in the project and receive a 30% share in it. Yes, there was a certain risk in this, since we could be left without work and without money for the project. What else could we do?
We wait for an answer for two tense days
As a result, the management decid to give us the request money and offer to finance the project for 12 months instead of 6, with the europe cell phone number list condition of starting sales in a year. We also receiv access to the office to work on the company’s equipment. However, the share that went to the management increas to 50%. We also had to agree to a 30% ruction in our previous salary. This suit us quite well, since we receiv support for a longer period and a chance for successful development of the project!
How we expand the service concept
After 5 months money would of development, the first version of the mobile application was upload to Google Play. In it, users could find out information about prices for only 12,000 products in 5 cities and 300 stores.
To our surprise, we immiately security in transactions discover that “Cenosaurus” was being download, and download from different regions of the country! So, literally in a few days, we receiv a lot of feback that “the agb directory application is interesting, but my city is not available.”
