While $50,000 a month is nice revenue, a growth rate of 9% month over month does seem quite low. Was the majority of the $50,000 front-loaded? I'd really be curious to hear what market they are in? Seems hard to believe given their pedigree (YC), monthly revenue 50K, and lean team (8 people), they can't find a VC to bite.
If they are charging monthly, what about blasting all paying customers with an upgrade to yearly promotion (20% off). That would bring in a lump sum of cash upfront which should provide additional runway.
Well pg is talking about weekly growth, not monthly:
"A good growth rate during YC is 5-7% a week. If you can hit 10% a week you're doing exceptionally well. If you can only manage 1%, it's a sign you haven't yet figured out what you're doing."
If they are charging monthly, what about blasting all paying customers with an upgrade to yearly promotion (20% off). That would bring in a lump sum of cash upfront which should provide additional runway.