0 sats \ 2 replies \ @k00b OP 25 Sep 2021 \ parent \ on: Ask SN: Advice on improving SN's pitch deck bitcoin
Been thinking about this more. This was something @lylepratt also recommended I compute. It's not intuitive for me to think in these terms tbh (and it betrays how green I am) but I think it's really helpful for reasoning about SN as a business. If it's going to be profitable this metric is really important.
The one question I would ask you - are you sure getting VC investment is the right thing for the product at this point? Getting money can hurt business more than not having enough money in the early stages. There is something immensely valuable in being forced to make the business work or else it dies.
I'm just bringing this up for you to consider, VC investment could indeed be the best step...
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Questions are the best answers IMO.
I’m definitely trying to weigh the risks of taking money. The problem is I’m running on fumes financially and if I’m forced to take on all the risk of the product myself that could similarly snuff out the product’s future - either because I can’t afford the time/servers or because I’ll have to make the site prohibitively expensive.
The other reason I’m asking for money is because it forces conversations like these. Regardless of whether I take money, people who understand business much better than I do are giving me feedback and feedback is worth more than money IMO.
Another reason to take money is to get more people to have skin in the game who have complementary expertise to my own.
It might not be the right thing to do ultimately, but it’s hard to tell without asking.
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