[eterno]

Thanks for being so open and honest about the whole thing.

You said, if you were profitable, you wouldn't be shutting down. But if you think there should be a way to make social payments work then don't you think its just a matter of time when you would be profitable.

I mean minimum profitability also doesn't really justify what is called in other posts the 'opportunity cost', but if you are working on something big and still believe there is customer value then profitability will come eventually.

And if that belief is still there then maybe just buckle down for sometime in a paying gig and then go back again. It might take your mind of it for sometime which might actually give you some good insights on how to take it ahead.

I though, still understand that there could be other personal reasons for you to do this, in which case please feel free to not respond.

Thanks again for the post and best of luck for the future.

[ivankirigin]

We didn't want to do Tipjoy as a side project. Like I mentioned in other threads, payments isn't something to do lightly. Any contracting that would pay the bills wouldn't leave enough time to work on Tipjoy.

[eterno]

I didnt really mean it as a side project. I understand it won't work that way. Just keep it on the side till you are able to raise more funds, or organize from other sources (job,consulting etc.) to give you a decent runway.

[robryan]

If sounds like they would need new funds now though, not way off into the future where they could hit profitability. The interest in another round of funding would probably be low for a company that has chewed through a sizable chunk of funding and so far not produced the results they were hoping for.