Early-Stage Startup Founder: Is It Too Soon to Approach Angel Investors?

Hey everyone, I’m a Lithuanian national, and I’m proud to say that doing business in Lithuania is quite efficient. We have a thriving startup ecosystem here, supported by government accelerators, networking events, and various forms of government assistance e.t.c. In fact, most of my friends and family work in tech or startups. I’m fortunate to call one of my closest friends a mentor—someone who has already successfully built a global business. This brings me to why I’m sharing this. I’m currently in a great position: I work for a company that has recently started expanding into the German market, and I’m one of the people driving that expansion. At the same time, I’ve started developing my own startup, and I already have a small but dedicated team onboard. However, I’m facing a few challenges. First, I can only pay salaries to a limited extent right now, so most of the work is being done on a freelance basis. Second, I’m already working over 60+ hours a week, which is beginning to take its toll. My mentor has advised me to start looking for an angel investor as soon as I have a clear vision for my business—which I now do. However, I’m also worried about managing both my full-time job and my startup at the same time. On one hand, I’m expecting a raise at my current job in February, which is great. On the other hand, I don’t want to feel stuck doing something I’m not truly passionate about. So here’s my question: considering that Lithuania and the Baltics are known for efficiency, and that I already have a strong network, a clear vision, a solid business plan, and a great team, should I start seeking investment while still developing the product? Or should I wait until the product is finished and then present it to investors? Thank you in advance!