Recap from 2018
launch MVP [beta url link]
users get excited but its not enough..
we iterate quickly, collect feedback, repeat!
got our first paying customer 💰
our runways is getting low!
I move into the tenderloin &
audit company expenses to reduce costs
our new target goal for V2 is Q4
entered YC Startup School
hired the wrong engineer(employee #4), fired him quickly and recalibrate team..
Prima V.— lead security engineer at Pinterest joins our team as advisor
bryan— lead engineer at Allure Inc. joins team as advisor
our runways is getting super tight! server cost is increasing
customers are waiting for updates but we are stuck in development!
my engineering team slowly start dissolving and leave the company (I cant afford them)
bryan jumps in and decides to refactor the code and use spring boot to cut time in half! (bad idea)
server costs increase and we need more tools
I take out personal savings out..
I move out of my apartment again and stay with a friend
we keep going!
graduated form YC Startup School (selected top of our group!) [Link]
signed bryan as new full-time, CTO
bryan flies to SF. We regroup and hack all week!
we interview more CFO's/Companies at Project 44, Burkland Associates, etc.
survey responses: 80% confirm problem exists, 60% confirm payment!
we get invited and excepted to the Saastr annual conference [Link]
bryan is stuck in development, cant connect bank accounts properly and our product is officially down (508 error)
bryan gives up— and leaves recurpal indefinitely on Dec. 31st
I struggle to find a replacement but I learned a lot and I know exactly what we need!
I have 1.5 months left of runway.
short term goal: find a devteam in South America, fix recurpal and relaunch! (my hair is falling out and Im stressed)
I roll up sleeves and keep going!
my runway is in critical condition
I start fundraising but Im aware Im now in the worst possible situation from an investors side.. (I have no team, my CTO just quit and our product is down..)
I pitched to investors and some did not like my situation either but over 80% did not say no either. It was mixed.
Some investor responses:
I already invested in a similar company so I cant invest right now but I like you and keep me posted! ~Semil
Come back to us when you have V2 ready or at least making $$k MRR, etc. ~John C.
we decided to stay out of this category for now but please let me know how I can be otherwise helpful! ~Nihal
Terrible timing but we literally signed terms for a company in a similar space. ~ Andy
I called my friend, a lead engineer at Uber and he helped me relaunch RecurPal over the weekend. Problem solved! for now..
RecurPal is back online but its barely on life support and needs maintenance.
met with ryan jackson as well and I dont think he's a good fit to say the least. He's burnt out!
I put in my notice at wework and decide to work from home to reduce costs (again)
I notified my early adopters and stabilize customer relationship!
I start prototyping V2 and continue to find an engineer for equity and fundraise (high priority)