We’ve burnt through our angel round faster than expected and while the product is very, very nearly finished (as in, it does the things we discovered it needed to do, to be sold at $199 /mo), we’ve now run out of runway.
We have payment options in place, but we have insignificant revenues ($1,000 MRR).
I’m worried we can’t offer “bridge round” angel investors the valuations they’d want, but our low revenues are turning off most early stage VC’s who tell us to ‘come back in 3-6 months’.
Too late for angel. Too early for seed.
We have rent to pay etc. and have about 2 months of money left before we’ll need to get jobs.