I spoke with over two dozen investors, and most of them more or less overstated their promise to invest in my seed round if I could execute an MVP. A select few offered to invest between 3-4 million for a seed round if I could prove we can build an "airbnb killer."
The MVP is here: https://nomad-pass.herokuapp.com
Before this I just had a seed deck: https://drive.google.com/file/d/10OS9xmQws4wienCWpGdnf8bU1l74zFa5
It is discouraging since we managed to get the MVP online in less than a week.
Most of them complimented the speed, efficiency, the beautiful seed deck presentation, and loved the concept and differentiator.
But most of them wanted to offer me less, coming down to 2-2.5m for the seed round versus what we had previously established as a base at 3-4 million.
UPDATE: Unfortunately these were verbal offers as some described.
I am asking for help from any founders here who could help put me in touch with the right investors, trustworthy, kind and caring, who can help me continue to build Nomad.
The concept behind Nomad is for guests and hosts to pay zero in fees, no cleaning fee, no surprise checkout fees, and all listings require self check in, along with a points rating system of 4.5-5.0 for hosts like Uber.
I think many of us are tired of Airbnb's exorbitant fees among other complaints.
The biggest difference is that Nomad can allow landlords and tenants to pay/receive rent through the app, without credit checks, income requirements or lease agreements, so long as both agree.
Am asking for any help from any founders or investors who want to help as well.
The MVP allows users to register, view, book, and search for listings by location.
It uses Ruby on Rails with a PostgreSQL database on the back-end, and React.js and Redux on the front-end.
Thank you from my heart to all who can help, it has been a difficult time having built an MVP through alot of sheer hard work only to learn a hard lesson to not trust what investors say :(