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Sell or die. Fundraising without traction - Printable Version

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Sell or die. Fundraising without traction - Albert - 10-29-2021

Sell or die. Fundraising without traction

We're going bankrupt 31st December. There are 3 of us in the team.

Growth is bad. Here's our MRR. $800 in June $1100 in july $1350 in august $1200 in September (Probably same for October)

We might get a small grant that will keep us alive until March. We all need to pay rent so stopping paying ourselves is not an option.

We have a good opportunity to pitch infront of VCs in November so we're going to use the opportunity to raise a pre-seed/seed.

We know we're far from any kind of market fit, but we believe in our product. We have competitors who have built similar products and are cash positive (afaik).

We're not a dream team (no Harvard, no previous startup sold for 100million), but we're honest, driven, and want to solve the problem we are tackling.

How can I put all the chances on my side of making this roadshow a success ? At this point it's sell or die so I have nothing to lose.

PS: please no judgement on our current situation - I know we could have done things differently in the past. I'm just looking forward to the future !

submitted by /u/marcwhittleby
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