Ask HN: Funding situation – help and inputs please
Product and competition:
Me and my cofounder have been working on a SaaS product since last year.
Then a lightning struck - we pivoted big time. And put our heads down to work.
Now we are way ahead (5-10x) than competitors who are funded ($9+ million).
Our funding situation:
We are in stealth with no funding (not much runway).
If we release our product - competitor will know what they lack
and they can put more resources to catchup.
We lack ammunition (team and funding) to compete with them.
Question:
What would be a good path to bring product to market ?
Should we approach friends-and-family or 2nd/3rd level contacts or traditional investors ?
Me and my cofounder have been working on a SaaS product since last year. Then a lightning struck - we pivoted big time. And put our heads down to work. Now we are way ahead (5-10x) than competitors who are funded ($9+ million).
Our funding situation:
We are in stealth with no funding (not much runway). If we release our product - competitor will know what they lack and they can put more resources to catchup. We lack ammunition (team and funding) to compete with them.
Question:
What would be a good path to bring product to market ?
Should we approach friends-and-family or 2nd/3rd level contacts or traditional investors ?