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Took Too Long to Launch the Product

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Posted by Anonymous on 2013-09-24

PUBLIC:

I have been working on my product for 4 years while employed full-time for another employer. I have invested more money than what some entrepreneurs are able to raise in Seed Funding, into building the product. But I have invested this money over a period of 4 years (70% of my monthly paycheck every month) and I continue to pay contractors on an ongoing basis to enhance the product. I am now looking to go to investors and start showcasing the product for Series-A funding.

Does anyone out here see any risks, because of the time and money that was spent on building the product. The same product could have been built in about 2 years of R&D, if the entire team including me was full-time.
Does it matter to the investors how much time it took to mature the product? Will the life of the company be seen as a negative?

Any comments or guidance based on your experience will be helpful.

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