Questions

We have a site we have bootstrapped, we have users, we have generated transactions, but we are not mobile friendly, extremely under funded, and do not have enough developers to produce the unique functionality our users have demanded. We have generated several million dollars worth of orders among users on our site, but hired really bad developers for the rebuild which has cost us more money fixing their mistakes and refactoring the code. The code is refactored now and ideally would like to raise money to build out our mobile app, focus on monetizing transactions, and marketing. I would like to speak to someone that can help us get to the next level: I have never raised money before, but at this point it is slowing down production. My partner is a developer, I am not. He is also a teacher and his production is limited due to our lack of drawing in revenue.

Millions of dollars flowing through your platform and you can't monetize it? You can't monetize the website, but you expect to be able to monetize on mobile? Those seem like major disconnects to me. Any investor you approach would think the same thing.

Are you a marketplace like Etsy? If so, several smaller versions have already pivoted their businesses. You may be heading in the same direction.

It sounds like an interesting problem. If you'd like to discuss in more detail, I'd be happy to look at the model and see if mobile makes sense. We can also talk about ways of getting a mobile platform created for less than building a native version from scratch.


Answered 4 years ago

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