The hard truth here is that it’s a red flag that you haven’t raised capital after being around this long.
Just like you, a technical co-founder is looking for the best possible team to join. When so much of a CEO’s role revolves around raising money, the fact that you have none is a bad signal. While you might find someone, you won’t find a person of the quality you need for this role (and without pay, it’s unlikely they’ll stick around).
I would suggest raising angel round if you have an MVP. If no one will invest, you’re going to have to assume no one will down the line either and start thinking about how to get profitable with no outside capital. It’ll be a tough journey ahead.
The hard truth here is that it’s a red flag that you haven’t raised capital after being around this long.
Just like you, a technical co-founder is looking for the best possible team to join. When so much of a CEO’s role revolves around raising money, the fact that you have none is a bad signal. While you might find someone, you won’t find a person of the quality you need for this role (and without pay, it’s unlikely they’ll stick around).
I would suggest raising angel round if you have an MVP. If no one will invest, you’re going to have to assume no one will down the line either and start thinking about how to get profitable with no outside capital. It’ll be a tough journey ahead.