I would vote for it, if you are more transparent on how exactly the money is spent, with monthly reports at least and also forecasts. I know that level of transparancy is not usual, but I guess before a VC gives you a million he also wants to see some solid data first.
Without, the 500K could fizzle out like a drop in the ocean and in half a year you are nowhere and will ask for more.
By the way profits. Why not use some of your significant profits first, before asking from the community?
It depends on the VC of course, but often VCs are actually betting on the founder or company leadership to figure out how to best use the funds to be successful rather than asking for very specific breakdowns of how the money is spent. We prefer to be able to be flexible with how we choose to use the funds as things change rapidly and it's very hard to predict what will be the best use of funds ahead of time. We provided a general overview of our growth plan, and we will use the funds in the way we think is best in order to achieve those goals.
We have unfortunately run through almost all of our profits over the past couple of years as mentioned in the "how we got here" section of the post. Asking for help from the community is a last resort and one that I am extremely saddened that we have had to resort to.
The @steemmonsters account alone is worth almost 350K$. So you won´t touch it at all but ask for 500K from the fund?
We have unfortunately been forced to power down and sell the majority of our HIVE stake from the @steemmonsters account over the past year or so in order to cover our operating costs. That $350k is not enough by itself to both continue to cover our costs and allow us to bring on a top level marketing person and run marketing and promotional campaigns, which is why we are asking for help from the DHF.
Additionally, we cannot power down all of our HP because we need enough to be able to delegate RC to our users.