Our goal was to develop with minimal risk and at minimal cost which includes not raising more funds than we need. Each round of funding for Qinnect is tied to a particular phase of development with clear objectives that need to be met before moving into the next phase. Our first round of funding wasContinue reading “FAQ – Why are there multiple rounds of funding?”
Category Archives: FAQ
FAQ – What happens if you don’t raise the full amount of funding?
The amount of funding allocated to each round is a best case scenario for Qinnect but will not determine whether or not we go ahead with the project. In fact, we already started the project based on the positive response so far and will have our first deliverable by Tuesday, September 3rd, 2013. Knowing thatContinue reading “FAQ – What happens if you don’t raise the full amount of funding?”
FAQ – Why are shares non-voting for investors?
Qinnect is looking to launch as soon as possible and while we are fortunate to have investors with a lot of industry expertise, the main concern is it would take too long to update, coordinate feedback, and provide an appropriate voting mechanism for all investors to participate in this early stage. The concern is reallyContinue reading “FAQ – Why are shares non-voting for investors?”
FAQ – Why are you using WordPress for your website?
At this stage our website is really a tool to communicate information to interested parties in the most efficient and cost-effective way possible. With so many updates and new releases, it made sense to use a tool designed for regular posting like a blog service. WordPress provides posting, editing, social media, and other options allContinue reading “FAQ – Why are you using WordPress for your website?”
FAQ – Why don’t you or have you approached any angel investors, incubators, or venture capitalists?
No, at this time we are first looking to our existing networks. Sharing the idea with those looking for great ideas and that have the means to fund them can sometimes be tricky. At this time we would prefer to work with individuals we know and trust and we are confident in our existing network.Continue reading “FAQ – Why don’t you or have you approached any angel investors, incubators, or venture capitalists?”
FAQ – Why don’t you or have you tried Kickstarter?
Kickstarter is a great idea, and our investment strategy is similar to Kickstarter in that we’d rather get smaller funds from a larger group of investors than one lump sum from an angel investor or venture capitalist. The concern with Kickstarter is having to share enough of the idea to attract investment, without sharing soContinue reading “FAQ – Why don’t you or have you tried Kickstarter?”
FAQ – Do I need to sign a NDA to invest?
A non-disclosure agreement (NDA) is not required if you are comfortable with investing based on the investment overview. The investment overview is designed to provide enough information for investors to make an informed decision without requiring a NDA. If you require additional information, such as a business plan, wireframes, project scope, statement of work, orContinue reading “FAQ – Do I need to sign a NDA to invest?”
qinnectnow.com 