Questions

How much users should I have for million dollars as seed/seed plus funding round?

I'm starting a company that should have 10k users. It's location based so I need money to expand and increase users. How much MVP and users do I need for funding?

1answers

Good question.
It's not only about how many users you have, it also (and sometimes even more importantly) about:
1. What the conversion rate is (visitor to user or click to paying customer, etc...).
2. What your user life cycle is.
3. How engaged the users are.
4. What your profit % is from each user.
5. What industry you're in.
and a few other metrics. Sometimes, if these metrics are good, it less matters that you "only" have X users.
Good luck

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Answered 7 days ago

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