What will I need to raise $1 -$2Mn as a B2B SaaS startup?
Have a fully functional product and have 20 paying customers. What will it take me to raise a first round of 1 to 2 mn.
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Corporate customers right?
Correct. SMBs and MidMarket
From the little experience of being around VCs, it primarily depends on the geography being targetted: if USA(lot of VCs fund SaaS only if targetting US) then a prove that you have figured out US GTM. If targetting Indian customers, why will the customers pay? The value generation for end user has to be significant enough that they pay.Both are very tough to crack.
Also, CTO with significant equity or co-founder who knows tech.
Market traction and a lot of hits on your website
All the best.
What sector are you serving? GTM? Revenue/Growth?
You should talk to Prasanna at Uppekha! He is sharp & been in SaaS for long. Get feedback & grow revenue. Have atleast $10-15k MRR to raise $1-2M
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