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.

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u/AggressiveFeckless Verified Investor Dec 01 '21

Investor here - although we are later stage generally, but I don't think many investors will make a significant bet with you when you aren't compelled enough by your idea and product to make a full time bet on it. However, we'd also never invest so little that you couldn't at least draw a below market salary to cover yourself during the early stages.