Yes getting $1M to $2M raised because of demo day is reasonable. Yet closing $2M on demo day without subsequent follow up meetings would be very impressive!
That only pays for the salaries of 5 engineers. And what about rent? That takes one salary itself. Which only leaves you with enough money for 4 engineers.
That only pays for the salaries of 5 engineers. And what about rent? That takes one salary itself. Which only leaves you with enough money for 4 engineers.