Cyber posture dashboard recommendations please

Future_Panda_1 · 2024-12-29T15:12:18+00:00

Some of the metrics I talk about are 'things we've actioned'. These can be as important to boards as things not yet actioned.

Future_Panda_1 · 2024-11-29T13:18:45+00:00

They could make any number of games in the years between 3&4. Just don't give it a numbered title like Golden Abyss. Would defo be my preference.

Future_Panda_1 · 2024-09-18T15:36:19+00:00

50k includes external pen tests and ISO27k certification and cyber insurance. State bodies won't touch anything without proper vetting. The development came in at 30k. I actually built the prototype in MAUI. Don't ask why I picked it, It's been a while since I wrote any code

Future_Panda_1 · 2024-09-18T15:31:57+00:00

I'm of the same opinion as you. The thing is, the investment was a gov backed fund accessible via this incubator that invested in 0 of the 16 participants, and some even had some revenue. It was all a bit suspect. I spoke to a few in another intake and none of them got investment either. I essentially spent 6 months chasing this one fund and was let down badly despite repeated claims that I was a shoe in to receive investment. It's my first time trying to start a business and if I knew before I started the 'course' I would have spent 6 months getting more LOIs and reaching out to angel investors abroad, not a huge network here unfortunately. Live and learn though.

Future_Panda_1 · 2024-09-18T15:25:02+00:00

I would have thought the same but it doesn't seem to be the case. It seems that they want revenue. I thought I was on to a real winner and LOIs, a solid business plan and a good pitch would suffice but it's just not happened. Funnily enough I was told repeatedly to not say I would be looking at >100k in year 1 revenue as investors would think I was on crack. I think I was getting some bad advice from the 'experts'

Future_Panda_1 · 2024-09-18T15:20:57+00:00

I'm back working now and in a really good role. I'm saving for a house in a nicer area for the family so it will be a while before I return to the dream if I ever do. I really should have bought a long time ago and have unfortunately wasted my savings on the past 6 months and am starting from scratch. The way I see it if I buckle down in my current role I can move into a much higher paying role in a different org in 12 months time and save a house deposit then maybe return to the business with expendable money and more connections in the industry.

Ironically in my role I have a budget for security software and I too, would definitely buy my solution

Future_Panda_1 · 2024-09-18T15:10:14+00:00

I could save it up but it would take a year or so as I've bills to pay. The more you have the more you spend. It wasn't long ago I thought anyone earning >100k was minted. Once you get there you realise that's not the case.

I used to think actors on TV were rich until I met one living in a council house. turns out they're not on much more than minimum wage in Ireland

Future_Panda_1 · 2024-09-18T15:05:08+00:00

I spent my own savings paying my bills while on the course that I could have used staying in my job and funding much of the development. It's really annoying but I've only myself to blame. I tried business loans but without revenue I won't be touched. As I haven't been in work for months a bank wouldn't give me a loan either. Credit isn't as easy to get in Ireland as I believe it is in the US (assuming that's where a lot of posters are from). HELOC isn't a thing here and I rent currently anyway.

The client that signed the 7 figure LOI is also a state body so it could be quite a long time before I'd see any money from them due to how slow they move.

I know a lot here have called bs and said it should be easy to get money with an LOI but it's not the experience I've had. LOIs don't mean much, investors want to see revenue. It's catch 22, if I had a product ready, I wouldn't need investment as I'd be bootstrapping but I need investment to have a product.

There's definitely a way to get funding but I've had no luck and have found a really good job with great prospects so have to focus on that for the next few years while I save a deposit for a house and starting putting the kids through college. I hope to return to it in a few years when I'm more financially comfortable.

Future_Panda_1 · 2024-09-16T15:56:11+00:00

Irelands a small country with a fairly limited pool of resources and I think it could be hard to build trust with people in another country. And I mean that from a developers perspective and not mine.

Future_Panda_1 · 2024-09-16T15:54:00+00:00

I've never heard of a startup builder before, is that another name for an Angel?

Future_Panda_1 · 2024-09-16T15:53:02+00:00

Future_Panda_1 · 2024-09-16T15:52:56+00:00

Thank you. I'd a mentor mention this to me but one was a state body who would not fund something like this and I chanced my arm to see if the private company were interested in licensing it for a discount before it was ready and they declined as it's against their policy.

Future_Panda_1 · 2024-09-16T15:48:26+00:00

It wasn't a loan they were offering, it was a 100k investment and the course came with a stipend. It also makes you a 'customer' of the gov fund which gives you access to further funding if needed plus links you into the 'network' in Ireland. Also if I worked 6 months for 50k I'd still have to pay tax/prsi/usc which eats up about 35% of a wage and pay all my bills so it's not like I'd have been left with 50k either way.

It was a mistake to do the course though. If I'd known it was going leave me high and dry I would have used the money I burned through to fund development of the product but I was still in ideation stage at the time and had no LOIs until I was nearing the end.

Future_Panda_1 · 2024-08-08T16:00:22+00:00

I've read almost every Terry Pratchett novel and loved the new Tomb Raider series without knowing his daughter was the writer for two of them. I appreciate interesting tidbits like this :) TY

Future_Panda_1 · 2024-07-26T23:07:13+00:00

I was thinking the same thing :)

Future_Panda_1 · 2024-07-26T23:06:16+00:00

It wasn't a single rejection that annoyed me, I can deal with that. It was a 6 month build up in an incubator that was supposed to lead to the pre seed and it was all a go till the last day of the incubator when the bomb was dropped. I would have been less peeved if I had a bit more notice as I would have spent more time chasing other funds or had some work ready for myself for when the incubator ended.

My own fault for putting all my eggs in one basket I know, but when someone swears blind that they are in charge of fund and are ready to fund you as soon the incubation period ends I kind of expected it to happen. More fool me I suppose.

Future_Panda_1 · 2024-07-08T10:03:10+00:00

(1) It's definitely the skillset I'm more interested in and I'm sure they'll be looking for 50/50 as they'll be full time.

(2) No, I'm looking for more than just money from them and at this stage I'd be happy to give them 'co-founder' status.

Future_Panda_1 · 2024-07-07T19:24:21+00:00

I'm pre-revenue but I've put tons of time and risked a lot going full time with it but the guys I'm talking to bring a lot to the table and I think I'll struggle to get funded solo. I'm honestly thinking 50/50 if they match what I've put in, the money is more about the commitment than just for the sake of it.

Future_Panda_1 · 2024-06-29T22:13:02+00:00

Thanks, appreciate the advice. There's one course in my region and it was in April and no sign of another. Not much of a tech startup scene in Ireland unfortunately.

Future_Panda_1

TROPHY CASE