Fundraising is a marathon, and it’s better to start before your runway shrinks to the point of no return. Here are some indicators to assess your team’s fundraising readiness:
You’re a unique team solving a big and hard problem with a sustainably differentiated solution, and you clearly understand why customers choose your product over competitors’.
Your financials look promising: you have solid traction and monetize fairly. You see an exponential revenue line and a linear cost line for both the past and as a forecast.
To level up, you need funding on fair terms. You are developing a credible business model as well as a strong strategy to generate significant, long-term profit.
Practice makes pitch perfect.
It’s never too soon to start practicing your pitch. Check out our article on how to craft a killer pitch deck.