As I learn, fundraising is always a nightmare. It drains a considerable amount of energy. No matter how promising the pitch you make, it's not sure to entice an Angel or a VC. Even if they agree, it is quite hard to make them sign a check (cheque)
Entrepreneurship is all about finding opportunities and being creative, about taking the unbeaten path(s) and making the things happen. How does the idea of raising money through unconventional means sound to you? A few of such channels/sources I think of are as follows:
- Organizing events such as concerts of well known artists (also, get sponsors )
- Exhibition cum sale of artwork
- Any others that you can think of
The exhibitions, concerts could even be capitalized to promote your startup. During such events, in addition to promoting their business, the sponsors too, get an opportunity to sell their goods/services thereby landing up in a win-win situation for both (the sponsors as well as the entrepreneur)
I have a feeling that these (and other such) ways would be comparatively easier. Agree, it diverts your attention towards non-core things, but what the heck? At the end of the day, it's money that matters for a start-up.
I'm eager to know the pros and cons.