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Mobile Apps: Do angel investors look for a certain number of active users when investing in an app startup that has recently launched, 5,000-10,000+?
DS
DS
Dr. Sean Wise, Startup Canada's Mentor of the Year (2014) answered:

Users are a sign of traction a.k.a. proof of concept. Most angel investors want to fuel growth and help you strive for product market fit. If you're following the lean startup model - most angels will only engage once you found problem solution fit and are reaching for product market fit.

That being said 10,000 users is a typical benchmark.

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