Launched marketplace for diving experiences, still haven't secured a seed round and running out of money. What should we do?
My wife and I have been working full time on this for 6 months and spent most of our accessible savings on the startup. We still don't have more than a handful of bookings and we started raising money a bit late (only 1 month ago). Should we get a job and continue looking for funding? Should we shut down? Other options?
You need to support your family somehow, and securing finding is not a fast process.
I'd definitely suggest you look for a job or contract work at this point. It will at least support you while you're searching for funding of your startup.
Be prepared to pivot though, because it might be so that your idea - however good it is - is not viable to build a business upon.
Investors fund businesses that show promise and a handful of bookings wouldn't cut the deal. How are you going about marketing and branding it?
If you have a strong website that offers flawless experience, then, the right marketing strategy can be the game changer to attract the target audience as well as investors. If you can share what you have been doing in the past 6 months, I can list out the ones you are missing out on.
To get out the tight spot, I would recommend that one of you should get a job and the other one continues working on the startup. If you truly believe in the idea and there is no market leader, then, don't shut down.
Look for other sources of raising money. Good luck!