This week, I am going to provide some tips on how to show traction for founders with pre-revenue businesses. This is post # 1. 1. Product/Service Validation • Prototype/MVP (Minimum Viable Product) built and functional • Beta users actively engaging with and providing feedback on the product • Successful pilot programs with target users or companies • Positive testimonials or case studies from early adopters 2. Market Demand • Waitlist sign-ups or pre-orders showing interest • High levels of engagement on landing pages (e.g., click-through rates, sign-up conversions) • Downloads or active users if applicable (e.g., app installs, software trials) • Positive survey or interview results from your target audience
What stands out for me is the emphasis on engagement metrics—it’s not just about building, but understanding how people interact with what you’ve built.
Love this - taking those steps up front often make for way a better product in the end too Annnnd usually help reduce (somewhat 😅) the pain and challenges involved in building it all out
As someone building, the timing of this post is spot on! I’ll be watching this closely 👀 thank you for sharing.
CEO @ Iteraite, Your AI Product Manager || former VP Product, Sr. Dir. of Eng. in AI, Hard-tech Researcher
1wTrue - though I have found this past year, at least for the SaaS world, is that investors have shifted the goalpost, as they say, and are now demanding actual $ traction (>$20-30kARR is a good number I've heard a few times). This is from "office hours" talks with VCs, not even in pitches, and they simply want to lower the Risks in early stage investing.