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?
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.
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