At the pre-seed stage, what is a good number of sign-ups? 500? 1000? More?
Ayomi Samaraweera
6 replies
Replies
Daniel@daniel112
Somorr
How many people pay your tool? if you have 1000 people but no one want to pay you are not moving very fast.
Share
I think it depends on the product & the team pitching, but I think it's safe to say that investors expect to see seriously good traction. We had a few warm intros when we were rolling out our MVP to 2000 users, and were told to come back when we had traction.
@ayomi_samaraweera Slow and steady wins the race! I'm sure you'll reach 2000 and more users!
@geetanjalishrivastava wow thanks for sharing, I would love to get to a point where we have 2000 users!
More important than the number of sign ups is how engaged they are. 100 highly engaged users is far better than 2,000 users who sign up and bounce.
Repeat usage shows that your product is solving a need and is a better indicator that you can both commercialise the product (if you're not from the start) and gives indicator on what your ICP looks like and what you can scale to.
Arguably user sign ups can be bought with ads for any freemium tool. There are a lot of tyre kickers out there.
@stevenbirchall Thanks for sharing, this is a really good point re better to have 100 highly engaged users vs. 2000!