What's the plan for the 200k? Are you throwing it all into marketing? Are you paying yourselves a salary?
Here's the breakdown of expenses:
- $5.000/mo for paychecks - $2.000/mo for marketing - $800/mo for freelancers - $500/mo for software and hosting - $500/mo for operational expenses - A 10-20% margin for things that come up
At a $10k/mo burn rate currently, and being on track to make $1k on our first month, we only plan to go as low as $100k in our bank's balance.
We are being extremely cautious and saving money for future projects, because we want to avoid raising funds in a need.