My friend, Chris Flavell, shares an interesting article piste by Michael Ho , former Vc and exited founder - with some interesting stats around how much revenue you need before a fund will look to invest pre-seed and seed round in your startup
This is really interesting for me - as we look to raise a pre- seed or seed round for referron!
⁉️ How do you first get traction and contract revenue followed by a path to scale in USA, Asia, India or the UK?
🤔 A survey with 110 seed and pre-seed VCs by Right Side Capital Management about their revenue expectations for 2024 showed that the sweet spot seems to be $300k - $600k
💥 for a $4M Seed
→ 17% are okay with pre-revenue
→ 29% want to see $150K to $500K
→ 28% are looking for $500K to $1M
→ and 24% say they're looking for $1M+
💥 for a $1.5M Pre-Seed
→ 46% will invest pre-revenue
→ 27% are looking for $0 to $150K
→ 15% want to see $150K to $500K
→ and 10% are looking for $500K to $1M
What are some other things a VC look for?
The Right People maybe?
The technology?
The exit strategy ?
What else ?
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