I'm pretty new to the world of building websites/apps. So hopefully this doesn't come off as a really dumb question. So here it goes. For what reasons do online startups need investor(s)? In particular, startups building digital products such as SAAS programs.
I'm asking because, on the side, I'm working on an idea building a website that I believe has great potential. My expenses to build the site are very low (less than $100). My expenses to run the website are also going to be less than $100/month. Once the site starts scaling out, I'm sure hosting fees will go up in price. But that's about it. I'm also thinking I will pay for advertsing.
I read so much about startups getting investors to help them out. What costs are those investors helping them with?
This might be my ignorance thinking here, but in the day and age we live in, unless you need to pay someone else to create your idea, the cost to do it on your own is very low.