I've been working on my startup for about 3 months now. Currently we have two active team members: a backend developer and a frontend developer (myself). Now we're looking to get investments so that we can hire new team members.
The problem is, we have no connections to investors whatsover. We're currently working from Asia to minimize costs, but we want to reach out to investors overseas. I have no idea how we'd approach investors. Do we email them? I get the impression that investors must be so busy that any email sent to them would be overlooked. I read here that "it rarely works to cold call or just introduce yourself. So, find someone that knows them and get an intro." Which leads me to the same problem: no connections. How would I approach them in this case?
Next question is, at what point is it the right time to seek investments? We have a functional product, and we're beta testing at the moment (but not making any money yet).
I'm crazy, obsessive, and passionate about what I'm doing, but admittedly I feel a little lost when it comes to the question of funding. This is my first startup, so I know I still have a ton to learn. Any feedback from you would be incredible. Thank you!