Startup requiring capital, sequence to obtain funding

Jan '23 in Other

Apologies for long post.

Will be creating a dating/friend app. I have a decent network of people to help with all facets of the actual development. However, full scale launch will require significant capital. Does anyone have any wisdom on how to get the ball rolling? Kind of a catch 22 as without a working product, getting investors is difficult, but without investors there's no capital to build.

My team is capable and we can produce all aspects of the project, but so actually build a working app trying to do what we're doing will require additional workers to assist our coder.

Do people usually take the risk and front up money and pay workers or is it better to build as much as possible and look for funding once we have as much proof of concept as possible? Or would people recommend doing as much as possible then sort of a 'fake it till you make it approach' to get the funding then build?

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