What it takes to turn a travel startup from zero income to a staggering $100,000 in just one year?

In this episode of How to Raise Funding, Hall T. Martin, the host of Investor Connect, engages in a detailed discussion with a travel startup founder.

They discuss the origin of the travel venture, the struggles against pandemic-induced challenges, the revenues so far in 2021 and 2022, and the plans to raise funds for the startup.

The travel startup has recovered from zero income in 2021 to 100,000 USD in 2022 and above 100,000 in 2023, while still in the pilot stage. They also discuss issues with traditional funding methods and aim to raise 250,000 USD in funding, primarily for product development. 

Hall advises the company to get a convertible note or safe note, primarily from friends, family, or angel investors and accentuates the importance of always having a new piece of info available from a customer that can be shared with investors. Their strategy aims at providing solutions to customers while continually developing new features of their product.

For a full transcript, click here.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

---

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.

Copyright (c) 2024, Hall Martin and investorconnect.org. All rights reserved.

Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.