Over the past 7 years I've been building a SAAS. It's good. I have 20 customers all from referral. They think it's good. It has the potential to be huge. Currently, it earns me a low income - bootstrapping it's development.
I'd like to raise VC to grow it. But the last time I did that, it swallowed a year and brought down a 25-man company.
I tried hiring a developer but didn't have the cashflow to cover the time recruiting, finding offices and managing.
I've tried raising cash from friends / family / clients. That might happen yet, but it's an incredibly slow and time-consuming process.
I'd like to raise VC to grow it. But the last time I did that, it swallowed a year and brought down a 25-man company. I tried hiring a developer but didn't have the cashflow to cover the time recruiting, finding offices and managing. I've tried raising cash from friends / family / clients. That might happen yet, but it's an incredibly slow and time-consuming process.
Can HN help suggest the best route forward?