2. Initial release is feature complete.
3. Our team is awesome, but young/inexperience.
4. Yes. I believe we stand up VERY well. Our only downside is that we're new/unproven.
Right now the product makes maybe $80k/yr. Not bad for something that hasn't officially launched, but hardly our companies key revenue source. We naturally would rather grow this than the consulting side of things.
I think what I am seeing in this thread is that it probably makes sense for us to hold on investment until a bit after we've launched. We'll learn more about what our growth bottlenecks are that way and what we really need.
It seems a bit premature at this point to take investment against our consulting income if we can avoid it. My guess is that we could probably get better terms if the product is doing well.
I co-founded a consulting company that is at a turning point. We're fairly successful and have just under $1mm in revenue a year, of which we could consider $200k profit.We've been developing a product for the past 12-18 months that is finally ready to launch. It is a SaaS product that will cost $50-75 per month. The market we are in is very competitive, but also very fragmented. I can...