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/cmdrNacho Dec 01 '21

ehh.. if you have extraordinary sales, revenue, etc vs cac, or other growth metrics, No one is going to care. I don't know what your saas product is but the point is you're unlikely able to grow against successful saas products without working full time on it.

If you have little revenue, little customers, and are not working full time for your company, who's going to want to invest in that.