Insights you may gain at YC may help you either pivot or improve the current SaaS you have either from an offering or operational perspective.
Most importantly folow your gut feeling because that's what got you to $8.5k MRR. If there is even a 5% chance to improve your product or increase your revenue or both, you should take it. Define your success metric and proceed accordingly.
That 5% statement feels off to me - if you flip it, you are saying that if there is a 95% chance that it won't help the business... do it.
I'd make sure that OP knows what they would do with the funding before answering their question. More money does not directly mean growth. It means resources to solve problems. If growth is stifled due to things that can be solved with money, then VC funding is one way to solve it. Not the only way.
So I would not jump to metrics. Metrics are a way to measure progress towards goals, but you first needs to identify goals, and outline what problems exist in the business that are preventing those goals from being achieved. Then identify possible solutions, and determine whether or not money is the roadblock to implementing those solutions. If the answer is yes, then pursue money. If not, pursue whatever the solution is.
Metrics come into play once you've implemented solutions, to determine if the solutions are working.
UI looks clean and sleek. The info on global reach page is a bit confusing for me. Wasn't able to determine , if those are the countries where SuperPay is supported ( as in a business can use SuperPay as a customer ) ?
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- Raise this issue with the people who decide the pools and pay . The team did everything possible , if not addressed properly , one should not expect them to go above and beyond the norm.
- Communicating to the team that you tried, is not good enough, because that is the least that is expected of you as the mananger ( if sounds rude, i am sorry , not the intention).
Potential Solution :
Making a case to the higher ups , showing them that retaining the great team is cheaper than hiring some one else over a period of 2 to 5 years would be helpful. Show them the impact on delivery of features,etc.
if this did not work, ask why so that , it does not repeat again or you can set expectations saying , this is what you get for what you are paying.
I am assuming , there is no equity involved in these discussions. Equity will change the whole dynamics of this discussion.
Potential Solution # 2:
The rewards need not always be monetary. If you can replace that , with something they want , say sponsoring their Apple WWDC trip or DisneyLand tickets or something , in a way that is not a HR nightmare, would be something to explore. That being said, it is tricky and will not work always.
Insights you may gain at YC may help you either pivot or improve the current SaaS you have either from an offering or operational perspective.
Most importantly folow your gut feeling because that's what got you to $8.5k MRR. If there is even a 5% chance to improve your product or increase your revenue or both, you should take it. Define your success metric and proceed accordingly.
Hope this helps you :)