Example: Market size 150,000 or less on a yearly subscription model ($60 per year) for a total of $9 million annual revenue at most. Costs estimated to be less than 500,000 annually.

Having raised over $100 million in angel and VC funding for startups I've founded and a couple others I've advised, I have some related experience in addressing this question.

The company you outlined above seems more like an angel or friends and family deal for a lifestyle business than a VC financing round for a technology startup.

VC's want to see a billion dollar market opportunity potential, and a company that has a chance of reaching at least $100 million in revenue by year 5.

I'd be happy to talk further with you about fundraising options if you'd like to give me a call sometime.

Answered 4 years ago

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