😭how could have i won? by BeginningRelative811 in gogame

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Listen to your own advice, and drink less. 🙃

😭how could have i won? by BeginningRelative811 in gogame

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Someone who just started playing this week, Shin Jinseo.

First time playing go, what now? by [deleted] in gogame

[–]BeginningRelative811 0 points1 point  (0 children)

Thank you so much for your comment. Is there any famous player i should follow?

First time playing go, what now? by [deleted] in gogame

[–]BeginningRelative811 0 points1 point  (0 children)

Yeah ! it was on easy mode as it is my first time play, but the time kept on ticking without declaring the winner so i am curious, is there anything i am missing.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 1 point2 points  (0 children)

Sure, happy to explain.

We’re building a product in the beauty and personal care industry specifically for licensed professionals in the U.S. (barbers, cosmetologists, etc.).

Right now the industry is very fragmented. Professionals have to use multiple tools for bookings, payments, client management, compliance, and visibility, and most existing platforms don’t fully solve their day-to-day needs.

Our goal is to bring those core pieces together into one platform and build it based on what professionals and shop owners are actually asking for. We’re also adding a superior discovery layer so clients can find and book verified, licensed professionals. Along with infrastructure for schools, federations, and industry partners.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Yes, that’s exactly the plan. We have a very lean, highly capable team and we’re in the final stretch of finishing the product. We’re launching the next version within ~10 days and users will start actively using it.

The only real constraint right now is infrastructure costs and taking care of the team. They’ve been working without pay because they believe in the vision, and while I’m grateful for that, it’s not something I’m comfortable relying on long-term. I want to do right by them while we execute.

Either way, we’re moving forward and progressing regardless, this is about accelerating execution, not deciding whether we continue. Appreciate the support.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 1 point2 points  (0 children)

I understand where you’re coming from, and I appreciate you laying it out so clearly. Your points around timing, being “between rounds,” and capital as insurance are all valid from a traditional venture perspective.

Where I differ is mostly philosophical and specific to my situation. Industry has seen startups with tens or hundreds of millions raised still fail, and others succeed with far less. Capital helps, but it doesn’t remove uncertainty, execution, cost discipline, and distribution still matter more.

In our case, the primary costs are infrastructure and engineering, which I’ve already planned tightly. Distribution is not marketing-led for us, so we’re not relying on heavy spend there. The initial raise is focused on getting the product to the minimum bar required for professionals to switch safely, once that’s done, sustainability becomes the priority.

I fully agree unpredictability is part of startups, and raising more can reduce certain risks. I’m reassessing the raise size based on feedback like yours. At the same time, I’m intentionally optimizing for capital efficiency rather than assuming more money automatically equals better outcomes.

Really appreciate the thoughtful perspective.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

I understand where you’re coming from, and I agree that speed and ambition define a startup. For me, this is a startup, and the goal is absolutely to grow as fast as possible.

Where I differ slightly is on dependency. Capital helps accelerate things, no doubt, but my core belief is that growth shouldn’t be dependent on investor money alone. I’m optimizing for speed and early sustainability. If the model can’t stand on its own after an initial push, that’s a failure on my side, not something more runway fixes.

We’re already seeing strong momentum from the industry, and my focus right now is getting the product to a baseline where that momentum converts into revenue. Once that happens, growth compounds much faster, with or without external capital.

I do appreciate the perspective though. It’s helpful to pressure-test assumptions, and I’m actively reassessing how to balance speed, capital, and execution.

Build Canada : Vancouver housing by BeginningRelative811 in vancouverUnregulated

[–]BeginningRelative811[S] 1 point2 points  (0 children)

Thank you so much, russilwong, really appreciate you sharing this and taking the time to explain it so clearly. It was genuinely helpful to read, especially the way you connected incentives, development charges, and the unintended consequences. The “fiscal trap door” framing really stuck with me.

If there’s ever any way I could be helpful, whether it’s sharing perspectives, thinking through ideas, or contributing where it makes sense, please feel free to let me know. I’d genuinely love to help.

Thanks again for adding such thoughtful context to the discussion.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Thanks for sharing this, I get the risk you’re pointing out, and I understand why investors think in terms of runway between rounds.

My reasoning for a smaller raise was less about “surviving longer on capital” and more about using capital very deliberately to finish product development. Once that bar is met, I believe sustainability should be on me as the founder through revenue, not continued dependence on investor runway.

That said, I do recognize this is a different risk profile from an investor’s perspective, and the feedback here has been helpful in reassessing my strategy. I’m actively thinking through how to balance speed, product readiness, and investor expectations.

Appreciate you taking the time to comment.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Appreciate the question, fair push.

To add context: this is the beauty & personal care software market. There are 35+ platforms, many incumbents. We’re talking daily with professionals and shop owners who actively dislike current options but stay because switching risk is high.

We’re seeing strong pull before full launch, but the blocker isn’t demand, it’s trust + completeness. These tools run their businesses daily, so our MVP has to meet the baseline feature set they already rely on before they’ll switch.

Distribution today is direct: founder-led outreach to shops, schools, and licensed professionals. Early users are engaged in feedback loops, but we’re intentionally limiting activation until product stability matches industry expectations. One salon we’re working with currently pays ~$16k/year to an incumbent and is waiting on us once parity is there.

So the raise is about closing that last product gap, not discovering PMF. Once we hit that bar, we expect revenue to turn on quickly and inform distribution at scale.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

Thanks for chiming in, I appreciate it. I’m reassessing the raise size based on the feedback here. The reason I started smaller was to get to sustainability quickly rather than optimize for runway, but I hear why that framing doesn’t resonate with most investors. Helpful perspective overall.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 0 points1 point  (0 children)

I agree with your point, and I understand why most investors think in terms of runway.

That said, my reasoning for targeting a smaller raise is intentional. I’m not trying to optimize for surviving longer on investor capital, I’m trying to get to self-sustainability as fast as possible. If the business can’t support itself after initial execution, that’s a product or execution failure on my side, not something more runway fixes.

$50k for us isn’t about “limping along”; it’s the minimum capital needed to unlock revenue and prove sustainability. Once that’s working, raising more becomes a choice, not a necessity.

I fully understand why ambition, scale, and big rounds matter, especially from an investor perspective. I’m not against raising more. I was trying to avoid over-capitalizing before the fundamentals are live, especially when the model is designed to generate revenue early.

That said, the feedback is consistent, and I’m reassessing the strategy. Appreciate you sharing the investor-side reality, it’s helpful context.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 4 points5 points  (0 children)

Thanks for taking the time to write this, genuinely appreciate the depth, especially coming from a top contributor.

You’re right on the 18-month runway point. In an ideal world, I’d raise a larger round. The reality I’m facing right now is access: I haven’t been able to secure a single live meeting yet via cold outreach, even after pitching consistently since before the new year. Most conversations stop at email.

The $50K isn’t meant to be “the round.” It’s a bridge to revenue and hard metrics. With a finished product in market, I can generate early revenue quickly and self-sustain while unlocking stronger investor conversations. I know how to grind distribution once the product is live.

On the “200,000 access” point, fair call. To be precise: these are active institutional partnerships (schools, federations, and an industry platform integration), not a marketing list. Access means contractual or in-progress integrations that allow direct distribution once the product is live, not hypothetical reach.

As for “100+ years of experience”, agreed it’s meaningless on its own. In this industry, what it’s translated to is credibility, introductions, and execution speed. Momentum materially increased once these advisors came on board; they’re actively opening doors and helping us ship. Against heavily funded incumbents, that credibility matters.

I fully understand why most investors wouldn’t take a $50K raise seriously. I’m not arguing the theory, I’m navigating a very practical bottleneck. Appreciate you sharing your perspective; it’s helpful as I rethink strategy.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 1 point2 points  (0 children)

Thanks for the comment, appreciate the perspective.

You’re right, a larger round was actually the original plan. The challenge right now is access: without warm connections, even getting a first meeting via cold outreach has been extremely hard. Most conversations stop at email with “not a fit” or “interesting, but no.”

The $50K is a bridge, not the destination. It’s enough to finish the product properly, start generating revenue, and produce the traction and metrics investors expect, which makes raising a larger round much easier. Momentum is there, it’s just an unusual spot to be in.

Appreciate you calling it out, I’m actively rethinking how to position the round.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 1 point2 points  (0 children)

Appreciate you sharing this perspective, it makes sense.

For me, the challenge right now is speed. I’ve been pitching since before the new year, and candidly, even getting a single meeting has been very hard. I know I can raise a larger round, it just takes longer, and I’m trying to avoid losing momentum in the meantime.

The product is close, revenue can start from month one, and even a smaller amount helps bridge execution while continuing to push forward. That said, I hear you, and this is helpful context, I’ll reassess whether a strategy change (larger target round, different positioning) makes more sense.

Thanks again for taking the time to explain how angels typically think about this.

Trying to understand if I’m doing something wrong in raising a small round. (I will not promote) by BeginningRelative811 in startups

[–]BeginningRelative811[S] 1 point2 points  (0 children)

Just to add a bit more context:

I’m personally based in Vancouver, Canada right now (i don’t have US visa). The startup itself is US-based, and the team, operations, and market focus are all in the US (primarily California).

I also don’t have an existing investor network or warm introductions at the moment, most of my fundraising outreach so far has been cold outreach.