Reiterating the already made comments above, here is what investors typically value most from greatest to least: 1. Fully functional MVP with paying/profit-ind

Reiterating the already made comments above, here is what investors typically value most from greatest to least: 1. Fully functional MVP with paying/profit-inducing users 2. Partial MVP with paying/profit-inducing users 3. Full or partial MVP with real users 4. Full or partial MVP with beta users 5. Full or partial MVP (the real product) with no users 6. Interactive prototype 7. Wireframes and mockups 8. Powerpoint slides The closer you can get to the top of the list, in general the more motivated an investor will be. Of course, this is real life and you can't just jump to position 1 or 2. For this reason, if you are only at a position 6 to 8, it is often better to focus on pitching technical cofounders first, getting to at least position 5 or higher, and then pitching investors.