As far as I can tell, "traction" is a synonym for "the VCs I play golf with have heard of you" -- social proof and all that. But I'd also love to hear opinions from people with direct experience here.
In addition to the already stated metrics of #users, #payingusers, #visitors, and %conversionrate, I'd hope VCs would look at $revenue, $profit, and %monthlygrowth.
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As far as I can tell, "traction" is a synonym for "the VCs I play golf with have heard of you" -- social proof and all that. But I'd also love to hear opinions from people with direct experience here.
In addition to the already stated metrics of #users, #payingusers, #visitors, and %conversionrate, I'd hope VCs would look at $revenue, $profit, and %monthlygrowth.