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Traction (customers, preferably paying) are the primary thing investors look for with existing businesses. The less you have need for that series A, the easier
by mchannon 13y ago
Traction (customers, preferably paying) are the primary thing investors look for with existing businesses.
The less you have need for that series A, the easier it will be to obtain.
Beyond that, spend the next few months focusing on your product and market, then if you really want that series A, meet with as many potential investors as you can, but not to pitch; you want a nice competitive round when the time comes. The worst series A failure is a completed one with bad terms.
- SkyMarshal 13y ago>The less you have need for that series A, the easier it will be to obtain. That seems to be the crux of all funding, isn't it, the less you need it the more everyone wants to give it to you. I've heard you need Team, Traction, or Technology, but Team and Technology are really just the prereqs or means to the end for Traction.