TheRodinhoods

What are my chances? Can I get through this storm?

Hey fellow Rodinhooders,

Hope you all are doing great.

I am Swapnil, Co-Founder of {Geeks} Place – an online hiring platform for developers.

I am writing this mail as currently, I find myself in a soup and would really like some guidance and help from your end.

{Geeks} Place: Brief and History 

{Geeks} Place is an online hiring platform that empower programmers to communicate in their language of proficiency and land great jobs. It helps companies hire the best developers.

This is done by the means of arranging hiring contests and challenges on the platform as per the job openings with programming problem statements, asking a candidate to code. The software filters the best performers and the cream layered candidates get sourced for final validation to the HRs of the companies.

You can visit https://www.geeksplace.io/ for further details and even sign in via Facebook to have a look at the candidate view.

We have been into this startup for about 5 months and have got the basic prototype MVP along with market research ready. We also have the funding pitch for angel investment (6 month period) worked out. We have validated our platform with college students and also have 2 clients on board (no income).

My Role:

I have been involved full time in this project for past 5 months and my contributions are heavily based around research, marketing, sales and promotion. From development perspective, I contributed towards entire website development and helped fix a few glitches in core development.

The problem:

As we got the validation done and business plan proposal setup for 6 months, we were in process to develop and add two important modules in the platform before venturing for angel investment,

1. an online judge (compiler) 

2. game based psychometric tests for aptitude analysis

when my Co-founder (technical guy) decided to walk out (time management, job pressure and majorly family issues).

I have also almost burnt away all the cash needed to keep the project floating.

So here I am, with no technical co-founder and no cash, trying to battle alone.

Probable options (I may be wrong):

1.Try and sell off the current platform to some job board or any other recruitment related organization (difficult without the above mentioned modules, esp online judge).

2. M&A with organizations wanting to get into this recruitment space without investing the time for research and prototype development.

3. But the best would be to get an angel investor and a technical developer (CTO) and get things right back on track. (funding pitch is ready)   

What are my chances of getting through? What is your take on this entire scenario? 

I would be really thankful if I get the correct guidance and any sort of help from this Rodinhood community.

Awaiting responses, suggestions, advice.

Thanks.

Twitter Handle : @geeksplace_io

PS: I am based out of Mumbai, Maharashtra.