Ask HN: what level is "traction"?
2 comments
They're looking for a repeatable, scalable business model that they can pour cash into. Beyond that, it's all a matter of the investors' risk tolerance. (How little proof do they need before parting with their money?)
The metrics you're looking for are just pieces of the puzzle - you need to tell a story that says "if you put money into our black box, you'll get more out". There are no magic numbers.
The metrics you're looking for are just pieces of the puzzle - you need to tell a story that says "if you put money into our black box, you'll get more out". There are no magic numbers.
As far as I can tell, "traction" is a synonym for "the VCs I play golf with have heard of you" -- social proof and all that. But I'd also love to hear opinions from people with direct experience here.
In addition to the already stated metrics of #users, #payingusers, #visitors, and %conversionrate, I'd hope VCs would look at $revenue, $profit, and %monthlygrowth.
In addition to the already stated metrics of #users, #payingusers, #visitors, and %conversionrate, I'd hope VCs would look at $revenue, $profit, and %monthlygrowth.
- 100 or 100,000 users? - 1,000 free users or 10 paying ones? - high conversion rate or repeat visits?
I realize every startup is different but would love to hear what figures you were getting when you / investors considered you had "traction".