Ask HN: Micro investment capital (~$50k) for a solo bootstrapped SaaS?
I'm a bootstrapped solo founder in Kyiv, Ukraine running a profitable SaaS that is about 2 years old and shows solid steady (slow) growth. I need a small capital injection for equipment upgrades (still using an old iPhone 7!) and moving expenses. $50k would be a life changing sum of money for me, enabling me to move to a safer area (e.g. rural Western Ukraine) and set up a productive work environment. Any idea where I can find a small investment? Happy to trade some equity or something.
Incorporated as a Delaware C-Corp using Stripe Atlas. Business loans (Pipe, TinySeed, etc.) aren't an option for a business of my size and location, and YC isn't interested in a solo founder in a warzone, I guess.
16 comments
[ 2.8 ms ] story [ 46.0 ms ] threadI see two options here:
* Do you process transactions through Stripe? Have you received an offer from Stripe Capital? It probably won't be enough, and their APR is unfavourable compared to typical loans, but it could be a starting point.
* Doing part-time consulting. That's what I had been doing for 3-ish years before I managed to get my business off the ground. Start from the monthly freelancer threads on HN and work your way from there. If it doesn't work, try Upwork (not a fan, but you gotta do what you gotta do).
try to first look at people from your country/close people
idk try to invite a 100 business angels on linkedin with a small intro message like "hey, I'm X from Y, we do Z, we have N users with X revenue, looking for a small investment, would love to chat about it"
Since the equity is basically worthless in this deal, I'd suggest going the "Mr Wonderful" way. Give equity + regular dividends until the (amount x 2~4)$ are paid.