Ask HN: I built a niche MVP, should I try to raise money or keep self-funding?
My background
A year ago I finished an MBA and spent some time looking for jobs. I didn't find anything, but an idea came up that I wanted to work on and I enrolled in a coding bootcamps. I had some background so I finished their material in about a month (Node/React). For various reason I switched to Rails and took another couple of months learning and build the idea as a learning tool. I have a lot of contacts in the target market and a background in sales and am confident that I can drive users to at least sign up. My SO and I can survive on one income.
The market
I am working on the idea alone. The market size is very small (approx 200k users worldwide), but affluent and currently underserved in the area the platform seeks to meet (essentially recruiting). Total revenue is hard to come by because the market is pretty opaque, but I estimate there is easily $50m/yr spent in direct fees paid (indirect costs of the current system are much, much higher). I estimate I need about 10% of the users in the market to make sales (fewer if geographically grouped together).
Progress
I have a working MVP and user feedback. That feedback is being implemented. I have spent about $2.5k on contractors (but 1/2 was for a bad hire with no working output). I estimate that these changes will take about $1.5k. I was willing to risk $10k so I have about $4k remaining (including the money I spent for bootcamp etc).
Question
Should I try to raise money with the idea that I would spend it to pay dev talent and keep building or should I go over my allocated cash and continue to self-fund?
Assumptions (that fit in the char limit)
-Small market disqualifies a lot of angel/seed money -I'm open to a co-founder, but they will need to draw some money -I could continue to manage everything through contractors as the site increases in complexity