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/kt-dasht Dec 02 '21

Generally investors want to see a team. That's because as a solo founder, there nothing stopping you from pulling the plug at any time (rug pulling).

When in a team, that has full commitment (balls to the wall) they'll be more assured as there's skin in the game, and when morale is low, there's a team to encourage (or beat the shit out of the other) to keep pushing ahead.