I'm finally at the stage where it's time to stop coding for 12 hours a day and it's time to raise capital - I've been approached by an angel investor who asked for a 6 month budget.
The project is a niche dating site in a moderately competitive space. I spend about $1k/month on advertising, and another $1k per month hiring freelancers to do misc tasks. I have a target # of users and features to implement in the 6-month time frame.
I've crunched it all together, added a salary for myself, 2 full time software developers, 1 part-time marketing person, $3k/month advertising, $30k marketing/branding agency costs and came up with around $200k. This sounds somewhat low to me, but I do not have anything to compare against.
Anybody been/in a similar situation or anybody can advise ?