As well as that, look to family and friends for investments, and good luck with whatever venture you are doing.
They are the most difficult people to convince and ask for capital if you are looking for investors.
@seratruong, are you the only person that's working on that part of your project? I've looked for some of your post history and is this the exchange that you are working with?
Most of the exchange startups made their own token sale but you need an extreme marketing for that.
It really depends on your situation, I've had a lot of family and friends be welcoming to investment ideas.
If it's an exchange, do a token sale! They seem to be very successful, and try draw money from your personal sources to fund the marketing side of it.
I guess so and we have different situation and experience. Here in our culture, that's the reality and it's really happening.
As for the personal fund, I think OP is already aware that he has to do that. And token sales doesn't really guaranteed that it's going to become successful but he has the choice to do it.
But it's just many didn't became successful funding their exchanges through that or some did became successful through the sale but now, they are facing another problem and that is the volume.
It depends on the culture and what type of friends/family he has, but it's still a pretty option, and it helps with things if your able to get money from friends, especially if the friends want to work together with you. Some people say to not mix friendship and business, but I think it's fine.
There are a lot of VC out there. Fenbushi, FGB, Yellow and so on. I don't know how they choose the project though, and most of them only invest in a company which runs a token sale.
Keep in mind that those crypto VCs are not really a supporter. They'll sell your tokens to other investors to gain profits as soon as possible. Which is why most of them invest in Binance IEO.
It might be difficult getting funding if your project is an exchange from VC's due to the large amount of them out there, conflict of interest, and also lack of interest.
I'd personally recommend dusting up your exchange, going for a soft launch, and then going for an IEO on the platform shortly after. You can try sell your own tokens, or offer ICO/IEO projects free IEO listings.
Good luck with your project mate.