[ttran08]

Thanks for the great post! I don't think you'll ever quit until you succeed. I think the key to creating that one successful company is about trials and errors. "Learning doesn't happen from failure itself but rather from analyzing the failure, making a change, and then trying again." Don't be afraid to fail early and fail often, until you hit the nail right on the head. One thing I didn't understand from looking at your project is, why did you feel the need to get funding to begin with? It doesn't cost much to keep a website alive, and you have the support of your wife in order to continue developing for Notifo or a new project. I'm also a co-founder myself, so I'd like to know if there's something I'm missing here. :) Another thing I'm curious about is, why you're so set on sticking with Notifo, instead of moving on with a new idea? Is it because you already have tons of users and you need money to expand your company? I've only been involved with one website and I'm still learning, so it'd be great to learn more insights so I know what to expect ahead of time. :)

[jazzychad]

Why raise money? We wanted to expand and move faster by hiring and finding office space. That takes a big chunk of money. Also, we are paying ourselves meager salaries in order to pay rent/bills, which also takes money. If we hadn't raised a Friends and Family round early last summer, we would already be dead. Raising another round was supposed to help us grow.