Wednesday, 1 June 2016

Got an offer for 100k in funding for 25% equity. Not sure if we should take the deal or not. Advice?

 

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We created an iPhone app that connects entrepreneurs. We have 100k in funding sitting on the table right now, but we aren't sure if we should take the deal. We only have 2,000 users and aren't even sure if we have product market fit. I am looking for some advice on what we could spend the money on that would help. Currently we'd use it for development costs to create an android version and recode some of what could be broken code.

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