I have an amazing idea for a web based start up which is yet untapped. How should I get started?

David S. Rose
David S. Rose , Founder and CEO , GUST INC.
3 Apr 2014

The challenge you face is that there are other amazing ideas out there. Actually, there are many, many, brilliant, wonderful, amazing ideas out there. So faced with all these amazing ideas, investors invariably choose the ones that have been reduced to practice, developed traction of some kind and proved that they are amazing businesses, not just ideas.

So you will need to do quite a bit of work before you are ready to even think about approaching investors. Remember that only 1 out of every 400 startup companies, not ideas, get funded. For a more in-depth discussion of this (and a great post by Derek Sivers, please read my answer to Venture Capital: Is it possible for an idea to be funded by a VC?

Gust Launch can set your startup right so its investment ready.


This article is intended for informational purposes only, and doesn't constitute tax, accounting, or legal advice. Everyone's situation is different! For advice in light of your unique circumstances, consult a tax advisor, accountant, or lawyer.