Hey my name is Chris and my wife and I started a web application in Brazil over 3 years ago.
As most of the individuals in this community understand the difficulties of starting a business(These problems are even more complicated here in Brazil), the whole thing is starting to wear on us mentally. We released a 3.0 version of the application producing the desired conversion rate, weekly sign ups, and per customer revenue we need. All in all the stress levels are beyond tolerable in order to reach profitability. The ups and downs, 15 hour days, no money / personal time have gotten the best of us.
Our first round of investment is set to run out as Sept 1 2011 and the original investors want us to logically sell part of our majority. Should we sell our SaaS business or find second round investment? Selling seems complicated cause the company has yet to break even and we will get little for all the efforts. Just wondering if anyone who has been in this position before has some good advice. The whole concept of letting others have the headaches is really appealing.