You are right about the market, but I would say that traction changes the opinion for any team (as it is a very subjective evaluation). And team usually perceiv

You are right about the market, but I would say that traction changes the opinion for any team (as it is a very subjective evaluation). And team usually perceived as great may generate some doubts if they don't have traction. EDIT: Thinking a little bit more, I guess the market dictate how much money you raise and for how much equity. But if you are fundable or not, I still think is about traction.