That’s a bit of a difficult question to answer because we got the sign-ups pretty quickly on the early prototype version(s) of the app, but then it sat on the back-burner for about a year because we couldn’t think of a good way to monetize or retain users. Now those problems are solved and we are building the re-imagined MVP.
As for the focus of the investment - we have it stated on our pitch deck that the investment is meant to build out the team a bit more to ship an MVP, and acquire our first 50k users, all within 8 months.
Thanks!
Yeah the problems we solve are very real. There are tons of inefficiencies in the way people currently navigate their immediate surroundings, or really any location-specific info.
We can also digitize tons of needless physical media like flyers, menus, maps, billboards, etc. which saves print costs and reduces environmental impact.
I will definitely check out the Y-Combinator videos. They have already been popping up on my YT recommendations anyway…