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This is actually a totally legit target for investment on Demo Day. If your product costs $30+/user/month, dozens of users could mean that you're ramen profita
by dfabulich 13y ago
This is actually a totally legit target for investment on Demo Day.
If your product costs $30+/user/month, dozens of users could mean that you're ramen profitable at the end of two months, a major milestone. If you can sustain that 10% growth for two months of YC, you'll have enough money to hire an employee by bootstrapping alone, which means that you're able to turn down investors, which makes you more valuable.
You shouldn't ask for (and shouldn't take) millions of dollars in investment at that point, but you're certainly lined up for hundreds of thousands of dollars; keep up that 10% growth rate a few more months and you will be ready for VC.