Hi, tech startup co-founder (CEO) here. Our product is a web/mobile app, aimed at travelers who want to explore a given community, near or far. We provide an end-to-end discovery, booking, and social experience. Hopefully that’s vague enough to not get banned for promotion but still give context for my question lol.

We are currently raising a pre-seed/angel round of $500k to give us 7-8 months to build/market the latest iteration of our MVP after two successful prototypes.

These are the stats we plan to take to investor meetings:

  • 4.7k users signed up on our first two prototypes with <$500 spent on marketing
  • 5% conversion rate on our current landing page with non-targeted (organic social) traffic
  • 5.3k emails ready to go for a launch campaign
  • 72% of survey respondents (175 surveyed) said they would use an app that has our functionality
  • 40% of survey respondents (same survey) said they used too many apps/websites to plan their travel, which was one of our big assumptions

My question here is - are these stats attractive enough to raise the kind of money we’re aiming for?

We also have financial projections going out 3 years showing us breaking even in ~18 months with an additional cash injection near MVP launch in late Q2 2024. We also have a full business summary with market analysis, monetization plans, etc.

I’m just racking my brain to make sure we have all the gaps covered once we land these meetings. I don’t want to waste anyone’s time.

Please let me know if you see anything missing or irrelevant. Happy to answer any questions as well.

Thanks for reading! <3

  • catfromanOPBEnglish
    1·
    1 year ago

    That’s a bit of a difficult question to answer because we got the sign-ups pretty quickly on the early prototype version(s) of the app, but then it sat on the back-burner for about a year because we couldn’t think of a good way to monetize or retain users. Now those problems are solved and we are building the re-imagined MVP.

    As for the focus of the investment - we have it stated on our pitch deck that the investment is meant to build out the team a bit more to ship an MVP, and acquire our first 50k users, all within 8 months.