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I'm young... Maybe a little too young

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I'm young... Maybe a little too young

#1
Hello everyone, new to HN.

This is probably a really simple question, but I haven't found answers ANYWHERE. Yes, I have searched plenty of times.

How old do you have to be; what is the minimum age to get funded by a VC/investing company. I'm currently the founder of a start-up (whos name we don't know yet) and I have another friend who is the co-founder. I've known him for more then 12 years, we're both 16 years old.

We have potential and a lot of confidence, however I believe the age will be very misleading.

What do you folks think? Do investing companies really look at the age, or just the start-up at hand.

Thanks!

Re: I'm young... Maybe a little too young

#2
You may run into issues simply because you are too young to enter a legally binding contract, among other things.

You've probably also read that the investment is as much in the people as the product/concept, so age plays a role, even if just subconsciously.

Do you have an idea of what you are looking for in terms of size of an investment? You might be better off with a local angel sort of investor vs. A traditional VC route.

Re: I'm young... Maybe a little too young

#6
I'll echo some of the sentiments already put forth: do you actually need funding at this stage? How much do you think you will need? Have you and your co-founder thought about asking your respective parents for seed money?

I think the answer to the question at hand is really quite obvious. Yes, since you are relatively young, they will take your age into consideration. They will also take into consideration your experience, your maturity, and similarly, your ability to handle responsibilities. I'll play the skeptic and conjecture that you probably don't excel enough in all three of these traits to make up for the risk presented by your age.

If that's the case, then at this point in your start up and with all things considered, I would say the best route would be to attain seed money from family, friends, etc. and once your start up starts getting buzz or generating nice revenue, you would be in a better position to start looking for funding from larger institutions or venture capitalists.