mvp or working poc is build
founder has close to 2 decades of domain experience and on referrals have evaluated poc for real projects (1 per weekend as full time job has its commitments)
revenue from early days; if product is build further immediately serviceable market is decent size
revenue has been used to get various tasks done from freelancers.
lots of data collected; algorithms for Generative AI and other ML areas for helping solve USP feature
clear picture and feature sets to grow product into an end-end one stop shop SaaS like platform
mockup POC for them are build and relevant data; database, algorithms are developed for first version.
Without Funding; do not want to take risk of scaling this to a Full time and Proper setup operations
In such situations;
Do you think Investors will show any interest, or it will be an long duration task?
What are the Pros and Cons of raising capital?
You would need a plan for what you want to do with the investment and what the roadmap to profit/revenue is.
If that’s a good plan, then you need a way of pitching it to investors.
If you can get access to investors, and they agree you have a good plan then you’ll get your first fundraising.
Your second fundraising will depend on hitting agreed milestones and presenting a second good plan.