| Hi HN, I'm a solo founder building a Compliance-as-a-Service platform focused on startups and indie developers who find tools like Vanta/Drata too expensive or complex. Think of it as "SOC 2 for solo devs" — affordable, easy to use, and monthly pricing. I launched about 2 weeks ago, and so far: 100+ registered users; 60+ startups onboarded; Fully built MVP, launched, iterating fast; Based in Azerbaijan, which helps keep ops lean I'm bootstrapping everything — product, design, support, and growth. No revenue yet, but lots of demand from early users asking about audits, integrations, and long-term support. Why I'm Posting:
I'm preparing to raise a small seed round to grow this into something serious — cover runway, build a small team, support more frameworks, and partner with audit firms. I’m considering asking $200K for 10% equity (implying a $2M valuation). This would give me 18–24 months of runway here. My Questions for HN:
Is this a reasonable raise/valuation given the early traction and solo founder status? Would investors be open to this if I’m based outside the US (Azerbaijan)? Any tips on how/where to approach angels or pre-seed VCs who get compliance, SaaS, or developer tools? Any thoughts, advice, or intros would be massively appreciated Thanks! |