So i have got this idea for this website, but i would definitely need sponsors for the idea to be established, now i dont know why someone would be interested in the idea i would propose to them, but is it possible to get some sponsors beforehand the development process is started. if yes, how do i contact them, and what all things i need to keep in mind while i try to convince them. Also shall i be presenting the complete detailed idea, or the abstract overview will do, as i guess i might need a creative team for that too, since i dont know what all things i want in my idea are feasible and what are not.(the detailed things).
Taking it from the basics, you are looking for what is called seed or first round investors.
These are typically friends, family, work associates, classmates at uni.
The first things they will want to know:
Once you know all of that you can say to them
If they see a plan like that, and they can buy into 15% of the company for the first block 10% for the second block and then if you get to step 3 they can option in buying up to 30% more to get the $1M you need to scale.
The dollar values are purely made up but this is what an investor wants to know
You will need to ask a bunch more questions as you start down this path have a look through the questions people have already asked because they will help you a lot. (Especially the ones marked [CANON] which is the canonical answer)
Step #1: Patent your idea if it is an invention.
Step #2: Make a complete document of your project.
Step #3: Spread your document to Angel Investors.
Websites to find Angel Investors:
and use Google with keyword "Find Angel Investors"