February 19, 2018
Category: Business & Strategy
As a company with offices in two of the top U.S. cities for innovation (Boulder, CO and Austin, TX), we are regularly approached by potential clients who believe they have a great idea for an app, but don’t know how to raise funds needed for development. Perhaps you are in a similar situation.
Before we delve into resources they might consider to fund mobile app development, we like to remind them that more often an app idea fails for lack of business value than lack of funds. Rather than begin by developing a “fully featured” app with lots of functionality, we encourage them – and you – to build the simplest product they can and get it into the hands of consumers to prove its worth. Often called the Minimum Viable Product (MVP), the MVP offers the bare bones of functionality – just enough to show the concept, get feedback, and learn if your idea resonates with others.
Starting small not only enables you to refine your idea with limited dollars, it also provides valuable proof of concept to help you convince potential investors your idea is worth supporting.
That said, there are a variety of investment options you can pursue to raise funds for mobile app development. Some are more appropriate early in the process, and others later. Many would argue that entrepreneurs should put off securing funding as long as possible in order to build company value, thereby having a higher valuation before raising capital and diluting equity. Here’s an overview of some of the most common options: Read More
September 18, 2017
A disruptive technology could be defined as one that displaces an established technology, thereby shaking up an industry and reshaping the trajectory of its future. It could also be a ground-breaking product that creates a completely new industry. Technology is changing at such a rapid pace that we have seen a significant number of tech disruptions in a relatively short time. In honor of our ten-year anniversary as a company (today!!), we thought we would take a look back over the past ten years and highlight those technologies that have had – and continue to have – significant impact on the way we live, work, and play. Read More
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