What does it take before VCs will look to invest pre seed or seed capital in your start up ?

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 ?