Yup. It is a simple equation and that's why it is so surprising so many people fall for this. 500k EUR for 20 developers is basically nothing. This means burni

Yup. It is a simple equation and that's why it is so surprising so many people fall for this. 500k EUR for 20 developers is basically nothing. This means burning through your cash reserves before those developers even become productive. And think you are one of these developers. All the other guys are completely new, nobody knows what we are doing because the owner has no time to explain because he is constantly hiring and talking to investors to get next funding. With 500k EUR I would not dare to hire more than 2-3 people. This would give them enough time to hopefully get acquainted with the problem and start producing something. And you as owner of the company to think about your actual business rather than be overloaded by hiring and setting for next funding round.