We are spending the fund only in outsourcing services.
he team members are working at least 6 months without receiving any incentive. Even if there are some revenue which we generate but until we ensure first page on the search engines it’s not much to feed the family of the team members. Everyone has their bills to pay.
So, the money is to pay for the developers and the team, but the investors will only get 10% of the revenue, that doesn't sound as a good deal to me. The investors are an important part of the team, and they should get a bigger piece of the cake.
I really wish you great luck with the project, but i don't like the business model, is not attractive for me as investor.