TAG: TheFunded.com
VC's are Downsizing
TheFunded.com Discussion
Posted by Anonymous on 2010-02-15
Tags: TheFunded.com VC Downsizing
Silicon Valley Future as Innovation Hub at Risk: Report
TheFunded.com Discussion
Posted by Anonymous on 2010-02-11
Tags: TheFunded.com Article Innovation Risk
Is BizSpark Sign Up via TheFunded Broken?
TheFunded.com Discussion
Posted by Anonymous on 2010-02-10
Tags: TheFunded.com Tools
Proposed List for the Funded
TheFunded.com Discussion
Posted by Anonymous on 2010-02-09
Tags: TheFunded.com
NYC: Feb. 11 (Thurs) Networking at Live Bait After the Funding Post Showcase Event
TheFunded.com Discussion
Posted by Anonymous on 2010-02-09
Tags: TheFunded.com Events Networking
Founder Runs Out of Gas Before the Company Does What Gives
TheFunded.com Discussion
Posted by Anonymous on 2010-02-02
Tags: TheFunded.com Founders
Fallen and Trying to Get Back Up
TheFunded.com Discussion
Posted by Anonymous on 2010-02-01
Tags: TheFunded.com Seed
Venture Backed Business Incubator
TheFunded.com Discussion
Posted by Anonymous on 2010-01-29
Tags: TheFunded.com Incubators
Eliminate Capital Gains Tax on Small Business Investment?
TheFunded.com Discussion
Posted by Anonymous on 2010-01-27
Tags: TheFunded.com Taxes Capilizationital Gains Tax
Would Sherlock Holmes Make a Good VC?
TheFunded.com Discussion
Posted by Anonymous on 2010-01-25
Tags: TheFunded.com VC
Future of Funding Event on Feb.
TheFunded.com Discussion
Posted by Anonymous on 2010-01-20
Tags: TheFunded.com Events
Should Mid Later Stage Investors Have Right to Approve Future Investments
TheFunded.com Discussion
Posted by Anonymous on 2010-01-17
Tags: TheFunded.com Investment
Looking for an introduction to Ron Conway.
TheFunded.com Discussion
Posted by Anonymous on 2010-01-15
Tags: TheFunded.com Introductions
What Happens When a Start Up Fails?
TheFunded.com Discussion
Posted by Anonymous on 2010-01-11
Tags: TheFunded.com Failure Startup
Showcase vs. Popularity Contest vs. Who Can Drag People to Vote
TheFunded.com Discussion
Posted by Anonymous on 2010-01-09
Tags: TheFunded.com Founders Showcase
The Seven Levels of Traction
TheFunded.com Advice
Posted by Anonymous on 2010-01-07
Tags: TheFunded.com Traction
So, in my experience, there are seven levels of "traction," and each level has various nuances. For example, "the launch" could be a soft launch or a beta launch. "The idea" may be rough, modeled, patented, etc.
THE TRACTION CURVE
1. The Idea
2. The Team
3. The Prototype
4. The Launch
5. Adoption
6. Revenue
7. Profitability
At each level of traction, quality of the execution is measured by investors. So, a great idea with a great team may secure a similar sized funding as a mediocre idea with strong adoption.
In the 2010 market, most semi-professional investors, such as organized angels, require a prototype for serious consideration, and most venture capitalists require initial success with adoption. There are exceptions, though rare, and you can overcome the need to hit traction thresholds by dominating in the present. Amazing adoption eliminates the need for revenue (Twitter, FaceBook, YouTube). A great team overrides the need for a prototype, etc.
Any other advice?
PRIVATE: Members Only
