We’re in the midst of creating our MVP and we currently have a waitlist going. How much traction do we need before looking for funding?

Do you need revenue? Or is the waitlist enough? I know it’s a tough market, and I’m sure having revenue would help, but we’d like to raise now.

  • founderscurveBEnglish
    1·
    3 years ago

    kind of depends on your business. but if you’re in SaaS, pre-MVP, you need to show growth rate and total numbers on your wait list, bonus if they pay you a deposit.

    for our accelerator basically we look for growth rates of 20-40% month to month and/or revenue reaching around 10k ARR - just to give you an idea.

    but there are so many variables at play you need to take into account.

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    so, lets put it another way. just try, reach out to 4-5 investors, see what they say as feedback, that’l help you decide, if they all say ‘no need more traction’ then you have your answer.