Hi there,
I'm at the early stage of building a new social commerce application with aim to launch it in UK and US. It'll be mobile App + Web App.
At the moment I fund planning & development myself. Although I'm thinking of VC firms to get seed funding. I'm still considering options however wanted to find out from some of you if it's possible to raise around £250-£300K as seed fund and what COULD be the potential return for VC? 10%-12% of the business? More? Less?
I'd need money specifically to build a solid team and put them into one office space, because at the moment I cannot afford having all the people full time, so I'm using contractors and off-shore dev team which is not ideal long term.

I'd appreciate your feedback...

Thanks,
Mark