Funding is the lifeblood of any startup, and securing sufficient capital can be a daunting task. According to statistics, 90% of startups fail within their first five years due to lack of funding, poor marketing, and inadequate research. However, with innovative solutions like blockchain technology, entrepreneurs are now empowered to raise funds and grow their businesses.
In this article, we'll explore how GetEquity has disrupted the startup funding landscape by creating a platform that connects companies seeking capital with investors who share their values. We'll delve into the app's features, revenue model, and user experience, providing insights on how you can develop an app like GetEquity to support mission-driven founders.
The Concept Behind GetEquity
GetEquity is a blockchain-based marketplace that allows companies to digitize their assets via tokens, bringing liquidity to the startup funding market. The platform's business model is designed to democratize access to venture capital, making it easier for startups and investors to connect and collaborate.
How Does GetEquity Generate Revenue?
To make an app like GetEquity, you'll need to understand its revenue streams. The platform offers free and paid plans, charging listing fees from startups seeking funding. Additionally, there's a premium plan that unlocks restricted features, and small trading fees for digital assets.
Identifying Major Startup Funding Issues
When developing an app like GetEquity, it's essential to identify the key challenges faced by startups and investors. By understanding these pain points, you can create a solution that addresses their needs and sets your platform apart from the competition.
How Does GetEquity Work?
The app has a user-friendly interface and user experience, making it easy for companies to find funding options and track records. With availability on both Android and iOS, the platform's reach is widened.
For companies seeking funding, the process involves four simple steps:
- Sign up as a company
- Complete KYC registration and link bank account
- Request a token
- Invite friends, family, investors, or employees to your private deal room
From an investor's perspective, the process is similar:
- Sign up as an investor
- Complete KYC registration and link bank account
- Find a startup and buy securities/tokens for as little as $10
- Request to sell tokens if you don't want to invest further
- Withdraw money in your linked bank account
What Features Does Your Startup Funding App Need?
When developing an app like GetEquity, it's crucial to include features that simplify the process and provide a delightful user experience. Some essential features include:
- Registration: User registration is what separates companies from investors
- KYC: A mandatory verification process for both types of users to prevent fraudulent or unauthorized access
- Unique username: Giving users a personalized identity on the platform
- Link bank account: Mandatory for investors and companies to connect their bank accounts
- Listings: A feature for startup companies to list themselves for raising capital, and for investors to find listed companies
- Tokenize Equity: Enables companies to digitize their real equity or securities, making it accessible to investors and easier to trade
By incorporating these features into your app, you can create a seamless user experience that sets your platform apart from the competition.
Prototyping Benefits
When developing an app like GetEquity, prototyping is essential for mapping user journeys with utmost user-friendliness. By testing and refining your design, you can ensure that your app meets the needs of both startups and investors.
By understanding the features and revenue streams behind GetEquity, you can develop an app that empowers mission-driven founders to raise funds and grow their businesses. With a focus on user experience and a solid business model, your startup funding app is poised for success.