Saas · Fundraising

MRR before raising a seen round in SaaS?

Anonymous

July 20th, 2015

We're getting ready to raise a seed round and wanted to know how many months of MRR our startup should have before raising a seed round in SaaS? What are the numbers these days? 
As a founder, you’re always in fundraising mode (whether active or passive). In this course, we’ll teach you how to successfully raise follow-on capital, establish a valuation for your company, build an investor pipeline for your next round, and more...

Josh Kerr Entrepreneur in residence at Capital Factory

July 20th, 2015

Is your company B2B? Are you entering into one year agreements? I've found that investors want to see one year commits to count the revenue MRR. So for a seed round it's unlikely that you'll have too much of that. Rather just have a good case for a few customers getting a lot of value from your service and then proof that there are a lot of these customers who experience the same pain. Start talking to investors now and they will give you a sense for what the bar should be. There is no harm talking to them early. In fact this is a good strategy for building a relationship with them. Ask them this exact question. Sent from my iPhone

Derek Bereit Startup founder || python neophyte, NY attorney, veteran || general counsel Nimbo || co-founder Symptomly | Techstars

July 20th, 2015

This is directly on point:

http://davidcummings.org/2014/07/01/annual-run-rate-and-size-of-funding-round/