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Comment by squirrel6

10 months ago

The business model of what you are creating needs to be very straightforward / communicable (easy to sell and very profitable), TAM must be very large and penetrable, and your financial model needs to be very clear about what kind of milestones (one major customer over $X00k ARR vs. a dozen smaller ones, each with various demands) you need to hit and when. I would phone a friend in finance for this aspect to make sure your bases are covered.

Especially in this market, I think there are plenty of players in the VC ecosystem who would be ok with you not being a growth rocket and just planning an exit via secondary or acquisition. The one issue is, you will need to be growthy enough in years 3-7 of the business for them to justify it.