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@Velocio
Yes.
We could have easily offered 20% because we do need the money to ensure we can last 12-18 months.
However long-term it is better to reserve equity for future fundraising and fly responsibly close to the edge. As Seedrs take 7.5% + VAT and we have legal fees too, we're actually getting less than we're raising.
So the patrons help us offset those things and ensure we've got closer to the figure we actually seek.
Initially we hoped for £32k, but far more research on the burn rate and projections on the timetable mean that we really do hope to be able to get to £50k after the fees and legal have all been deducted.