In r/startups, early SaaS founders are asking how to structure Friends, Family and Fools money to survive to pre seed, while others argue funding won’t fix missing traction and paying customers.
Founders who raised from Friends, Family and Fools, how did you go about doing it?
I'm MVP stage and slowly getting some traction. I need some initial funds to scale to get enough clients and survive to go for a pre seed or even a seed.
What mechanisms did you use for them? I'm a very early stage SaaS.
Money is probably not what's holding you back. It's likely skills or motivation.
Find a way to get paying customers first without money. Then you have a ramp rate to show people. That's when the three Fs and pre-seed conversations become real.
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