Question
Currently I am in early stage of client acquisition for my very unique product as on cloud solution for Salary appraisals in HRTech. Some of my seniors in industry have said, they are willing to invest. Is it the right time to seek funding or should I spend some more money and resources to get some clients on board and then reach them.
Thanks in advance.
Answer
The right time to reach investors is when you can get the following:
1. Maximum valuation of your startup
2. Investment Opportunity that has at least 5x to 10x multiplier
3. Optimum traction
4. Right team to use the funds
This can be ascertained through analysis of your startup. Please setup a call with me. I can analyze the details and suggest you the right path.
Thanks
Shishir