A frequent reality for startups

The world of startups is often associated with innovation, rapid growth and success. However, the reality is that most startups fail in fundraising. This is what happened recently to Linra Games who aimed to finance the development of Mind Of Heroes.

Despite a promising idea and a solid business model, the company failed in its attempt to raise the necessary funds to develop Mind Of Heroes. Players or potential investors have been few and reluctant to take the risk of investing in a company that is still in its infancy.

The failed fundraiser did not negatively impact the business, it does not have staff so it did not have to downsize or lay off. However, the founders are determined to pursue their vision and are looking for ways to overcome this obstacle.

Fundraising can be a challenge for startups, especially in the early stages of their development. Investors may be risk averse due to the uncertain nature of the business, its lack of revenue and its rapid growth.

It is important to note that a failed fundraiser is not the end for Linra Games. We will continue to develop Mind Of Heroes until we have a multi-player version in order to organize a new financial campaign which will serve to develop Mind Of Heroes in the long term.

In conclusion, fundraising failure can be discouraging, but it should not be seen as a total failure. We can bounce back and find other ways to fund our projects. It's a normal part of the process for startups and they need to keep persevering and believing in their vision to be successful in the long run.

We appreciate all the people who participated in this fundraiser and we are happy to see you on the various communication media.

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