We’ve pulled off Beta 14 by delivering many new features and sections to the platform. It was a refreshing and promising phase. Most of the tasks we’ve accomplished had visual and perceivable outcomes. We heard a lot of positive feedback from our beta testers that helped shore-up our stamina.
In this post, I briefly update you on some notable events and decision making occurred during beta 14.
Audio Version – Read by Author
Funded for 2022!
We managed to raise enough money to continue the development of the platform in 2022. Despite some lucrative offers, I decided not to go crazy by giving away lots of the company’s equity at this point. I am so confident that we’ve created a solid platform. As a matter of fact, I personally, contributed to our recent raise by essentially buying back some shares!
I’m no angel investor, but right now, I’m confident our business model works. It wasn’t an easy decision. I hope I can unfold the entire story someday. Due to my obligations ( The NDAs I signed), I cannot discuss anything further regarding our recent fundraising.
Public Launch
Like any other startup, we’re changing our views on things constantly as we move forward, make progress, learn more, and receive new information.
During the past few months, we realized how big the platform has become (technical-wise). To maintain and support such a platform while it’s publicly accessible, we need to have our final pre-launch team assembled. We also require some technical equipment and geopolitical access.
In most cases, tech/social media startups meet these prerequisites after a Seed funding round, or what used to be known as the old Series A round. Although we’re going to perform a well-sized limited beta launch before entering that round, it’s unlikely that we go for what’s commonly referred to as the public launch before raising Seed funds.
We already plan to implement some specific features of our backlog before starting that round. We want our platform provide its users with so many values that we can effectively leverage our business models.
It takes me aback that with such limited financial resources (capital raising), we managed to bring the platform to this stage. However, a full-fledged launch calls for being prepared for hundreds, if not thousands, of unanticipated situations. It requires a medium-size team on call.
Limited Public Launch
At the same time, we’re not going to be able to test many features without a fair amount of users. Therefore we decided to perform a public limited launch at some point before entering the Seed funding round. And yes, it is subjective to many changes in its details until its execution. Its exact time depends on some features in progress, but we are almost there.
This limited public launch would most likely be through invitations. Anybody could request one, unless we ran out of the number of invitations we are going to allocate.
I’m aware it may seem like we’re thinking out loud, the truth is these decisions are inherently complicated, and this is as much as I can publicly disclose. Besides, many other factors can still change this trajectory. On the bright side, once they change it, I’ll update you again.
It has already become a lengthy post, so let me end it here.
Stay safe,
Cheers!
