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I'm curious to hear more details about your "tipping point". What sort of metrics seem to put investors at ease? Was it a specific revenue goal, a more polish
by physcab 16y ago
I'm curious to hear more details about your "tipping point". What sort of metrics seem to put investors at ease? Was it a specific revenue goal, a more polished plan of action, a certain user-growth model, or all of the above? My limited experience from working at a consumer internet startup has taught me that once you hit about a million users, everything else seems to fall into place a lot easier. Of course that varies widely depending on the business, so I'm just interested in hearing other data points.
- rrwhite 16y agoOur key metrics really didn't change over the course of the fundraising process. We had be live for over a year and sign up growth as pretty stable. The only "metric" that changed was the current revenue/mo numbers. But it really wasn't a change in metrics that changed our fortunes. It was really just social proof and finding the right story that resonated.