I'm looking for my first investor for my own venture and I have two different paths in mind but can't decide. Which one do you think makes more sense: (1) Targeting angel investors, (2) Joining accelerator programs, or (3) Applying directly to early-stage funds? I'm curious about the advantages and disadvantages of each approach. What are your thoughts?
How to find your first investor in startups?
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Last year, I went through the same thing with my own startup. I was also stuck in the "angel vs. accelerator vs. fund" triangle, trying to figure out which path to take. We ultimately decided to **join an accelerator program** and used it as a reference when reaching out to angels and funds. During the program, we received serious support from mentors, both in terms of technical guidance and investor relations—we even learned how to make our pitch more effective.
But of course, there are downsides—you either need to have a solid MVP to show or a very clear roadmap, or it might just end up being a waste of time. For us, the benefits outweighed the drawbacks because, compared to cold-emailing angels or funds directly, this approach got us taken more seriously. My advice? **If you're ready, go for an accelerator—network, get pitching opportunities, and make it easier to explore other funding paths afterward.**