How have people approached obtaining funding from VCs for a side project if the two co-founders both have other full-time jobs?
Looking into getting funding for a side project but since the team isn't committed "full-time", we're assuming we'll get some pushback. Have people seen this before and if so, have you overcome it?
I think it's really hard to get institutional funding for a part-time project. Generally, VCs look for the team chemistry, market size, seriousness and commitment of the team if there isn't anything else to look for.
Or you could bootstrap until you have sizable metrics to show institutions that this is worth their money AND it's worth quitting your full-time jobs (showing commitment)
Agreed! From my experience, those are the items they've looked for but I've also approached it from a different seat so didn't know if we could spin it differently. Thanks for the input!