How much Revenue a Startup should generate before considering for Funding?
We are New to business, would like to know for any Startup Is there any Initial criteria that has to be passed before applying/ considering for Funding in terms of Revenue. It would be helpful if you can list the basic steps to be followed before applying for Funding.
No. If you are in the world of post revenue, what matters is the trend, i.e. your MRR – Monthly Recurring Revenue and Unit Economies, including CAC – Customer Acquisition Cost, etc.
A good place to start reading is David Skok’s Blog http://www.forentrepreneurs.com/saas-metrics-2/
Whilst above was written with SaaS in mind, some of the principles could be applied any business.