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?

​

  • fediverser@alien.topEnglish
    1·
    1 year ago

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  • pigeon888@alien.topBEnglish
    1·
    1 year ago

    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.