Attracting investment takes time. And time is a startup’s most important resource. You always want to improve the MVP a little bit more. So when to start raising money is a very important question. DropBox raised its first money without even having a working prototype, just for the idea. A good example of success or a good example of survivorship bias?
The problem is that in most cases, the opinion of the founders is going to be biased. We love our project too much to evaluate it objectively. That is why an independent outside opinion is important.
Veeeet tested several online tools to assess the investment readiness of a startup. Focused For Business turned out to be the most useful for us. Its advantages are attention to detail and online seminars where you can communicate online with other startups that are also attracting investment. I would like to thank Hatty Fawcett, the host of this seminar.
Veeeet’s final score on the investment readiness test is 75%. Quite a high number. And the Soft Launch, for which we are now actively preparing, will help to improve it.
