Looking back, I recall how we ran out of money in early 2024.

We were operating on accelerator funds with a smol team of 6, backed mostly by motivation (our burn rate was $20k / month).

We managed to launch closed alpha version of the app on Mainnet in late December 2023 and were proud to have ~$1mn of client (mostly friends and family) money, but the runway was thin, and fundraising was tough.

On the salary payment day in March, we were short about $5k.

On that very day the first angel check of $10k came in, which allowed us to run for another month. It proved to be enough to raise a bit more given we had operational product to back us up and good market environment (check APYs below).

A screenshot of how that product (alpha) looked back then.