I've tried not to talk about it, but I've been working for no salary for the past couple of months, as the company ran out of money pretty much the end of May. Needless to say, I was right on the edge personally as well, and we're hanging by a thread at home.
We have TWO very promising funding opportunities happening this weekend, for different parts of the company. One is a fairly large account, that our contact is pitching for us over the weekend in Vegas (the potential client is showing at the fashion convention out there). If that comes back with a contract, we should be OK. The other is a very rich family friend of one of the partners, who is considering "sponsoring" the upcoming activities of the other division. If this comes through, we'll be OK at least in the short run.
We have (through the same people ... it's a complicated situation) a few other proposals out there, but my boss told me that "we are right on the edge" and if neither of the this weekend's "very promising" things comes through, we're probably going to be shutting down by the end of the month.
This has been scary and frustrating ... we were supposed to have had the "first round" of funding in place last November, but it's been one thing after another (the economy certainly hasn't been helping), and we seem to be locked into a repeating cycle of "catch22" scenarios. We just need to have that "first domino" to fall (in the form of this account signing on) and that will trigger a cascade of other "good results" (we've been told by several investment groups that they'd be able to "sell us to their funds" once we have a couple of live clients on deck), but this seems to be the "last best hope".
So, if anybody wants to pray, light a green candle, exsanguinate a goat, wish upon a star, or whatever to get some good ju-ju going for us (me), I'd really appreciate it!
I really, really, really love this job and if stuff DOES turn around, I have all sorts of bright shiny happy things coming my way here ... but having this fall apart will probably mean all those "bad things" (that we were dealing with last Fall) are very close behind.
Let's win one for the Gipper, or something ...