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This week we are learning about how to fund a new startup. There are many number of different avenues founders can pursue to generate the necessary funds to start a new venture. The weekly case study highlights LUMO BODY TECH (attached) and the video (link below) mentions the founder’s experiment with one particular type of funding source.
1) Based on the material after reading the case study (attached), what questions would you ask the firm’s founders before making your funding decision as a potential investor?
2) What funding source does the founder mention in the video clip and what factors of using that approach might help founders be more successful in raising funds?
3) How would you go about funding a startup like Lumo Bodytech?
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