Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

MRR before raising a seen round in SaaS?

X
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?

2 Replies

Josh Kerr
4
0
Josh Kerr Entrepreneur • Advisor
Entrepreneur in residence at Capital Factory
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 Steve Bereit
0
1
Derek Steve Bereit Entrepreneur • Advisor
Startup founder || python neophyte, NY attorney, veteran || general counsel Nimbo || co-founder Symptomly | Techstars
This is directly on point:

http://davidcummings.org/2014/07/01/annual-run-rate-and-size-of-funding-round/
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?