New York City, May 25, 2020 (Senmer News Wire) – As the whole world is involved in the coronavirus situation, the global economy is becoming more unstable each day and specialists can’t say what will happen next. However, most of them share the same view that it is surely a bad time to invest in any startup projects. Nevertheless, there is an unpopular opinion of Rustam Gilfanov, a famous investor in an IT field. He thinks that it is not only possible to raise funds on these conditions. In fact, it may be the right time to do it.
Rustam Gilfanov says that it doesn’t make any difference what the conditions are, if it’s a crisis situation or not. His idea is that people always try to invest in their business waiting for the perfect time, but there is no such thing.
“Stop waiting for an ideal time – there isn’t one. The most difficult thing is to find an investor at the stage of an idea or a pilot project. Typically, it is business angels who invest in promising startups, but today they are reluctant to participate in such projects because of a significant drop in incomes”, he says.
When the venture capital or seed make investments, it is a significantly better time. For instance, a person can always predict when the new seed round will be needed for the startup. All he or she has to do is invest money now. Investor collects it when the coronavirus is over or in a state of decline because such money is operated by a plan and a called-up and managed capital. Therefore, in Rustam Gilfanov’s analysis, most of the online services related to the digital economy and the field of health care to the purpose of the investors.
There is no doubt that any offline job or profession will suffer because of the pandemic situation. However, businesses that participate in both online and offline fields are facing this condition more positively. For example, food delivery companies are holding up well due to its specificity.
Rustam Gilfanov uses BlueApron as an example because of its raising stocks during the pandemic. “And it was quite predictable, he says, – people had to stay at home, so they began to use the service regularly”.
The expert also brought into focus that startups associated with telemedicine are also greatly relevant today. Specialized consultations are available on smartphones and it is very convenient for people, so they will be using these and similar utilities long after the coronavirus is over. Freelancing and other online work and entertainment projects are very attractive to investors.
Rustam Gilfanov advises considering an idea to bring the business to an online sphere if it is possible.
“Now is not a proper time to seek investment in a mere idea. Unfortunately, if you do not have your first revenue or at least a prototype, business angels will be reluctant to consider investing in your project”, he says.
The brief biography of Rustam Gilfanov
Rustam Gilfanov is one of the co-founders of an IT-company. He is also known as an international investor and an IT-businessman.
He was born in the countryside of Basim on January 6, 1983. His father is a military man and his mother is a teacher.
Rustam Gilfanov and his partners founded an IT-company focused on international outsourcing in 2006. Nowadays, his company is known to be the largest developer of the software.
Some time ago, Rustam Gilfanov pulled away from his IT-company to invest in ambitious gaming, video streaming and financial IT-projects. In addition, Gilfanov develops and supports some promising projects in Ukraine. LuckyBooks and Libraries of the Future are one of the outstanding examples.
Rustam Gilfanov is married and has a daughter.
Source: Rustam Gilfanov: How hard is it to find an investor for your startup project in time of a pandemic?
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