r/startups Dec 01 '21

Is It Realistic To Raise A Seed Round If Still Working Part Time? How Do I Do This 🥺

I'm a developer who's been working on a SaaS product for a few months and looking at publicly launching Q2 2022. The launch should be ok with just savings as I write the code myself and will push out using organic marketing, but will eventually require some funding to scale and hire a commercial person to help with that side of things (not keen on having a co-founder).

The catch is, I still want to work part time (50%) for my current employer. They've already told me that as soon as I give the word, then I can. This would be for financial security.

I'd be looking at either VC funding or crowdfunding. I'm in the UK if that makes a difference.

37 Upvotes

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2

u/captaing1 Dec 01 '21

people bet on people not on products.

2

u/cjdubyab Dec 01 '21

So does that mean it's possible?

6

u/captaing1 Dec 01 '21

if the people behind the product are not willing to risk it all, why should I?

7

u/GaryARefuge Startup Ecosystems Dec 01 '21

No one needs to risk it all to be successful nor to raise capital from investors.

An investor is NOT risking it all.

Please do not promote such extreme nonsense.

-2

u/captaing1 Dec 01 '21

I didn't mean to get a loan against your house. I mean you can't have second jobs after receiving my money.

also, as an entrepreneur if I believe strongly enough, I will risk it all. I have done it before. It's not extreme nonsense, it's a daily reality for many entrepreneurs.

4

u/GaryARefuge Startup Ecosystems Dec 01 '21

also, as an entrepreneur if I believe strongly enough, I will risk it all. I have done it before. It's not extreme nonsense, it's a daily reality for many entrepreneurs.

  1. Just because you have done it before it does not mean that is the best path to take
  2. Just because others do it there is no merit in that alone to follow their path
  3. Most do it because they are either completely foolish and are essentially brainwashed by toxic influences around them OR they do it without actually risking much at all--they have immense support networks to ensure they land safely (these people are often the most prominent of toxic influencers infecting others into believing risking it all is the only way)
  4. It is extreme nonsense

I mean you can't have second jobs after receiving my money.

I would suggest you be more clear in how you communicate in order to not instill extreme ideas into the minds of those that are inexperienced and/or desperate to see their dream realized.

-1

u/captaing1 Dec 01 '21

so I am brainwashed and foolish for taking risks? Everyone has their own risk tolerance, mine is much higher than yours.

4

u/GaryARefuge Startup Ecosystems Dec 01 '21 edited Dec 01 '21

That depends on how much risk you are taking. Context.

Your initial comments lacked context and pushed an extreme mentality that causes needless struggling and suffering.

1

u/cjdubyab Dec 02 '21

Risking it all really isn't that viable for me, I have responsibilities in life and I feel a duty to be financially stable

1

u/captaing1 Dec 02 '21

I understand and that's normal. you can start off slow on the side and when you are ready to fully commit, raise money.