Example: Market size 150,000 or less on a yearly subscription model ($60 per year) for a total of $9 million annual revenue at most. Costs estimated to be less than 500,000 annually.
The potential value a startup needs to attract venture capital (VC) funding can vary widely depending on various factors such as the industry, market conditions, growth prospects, team expertise, and more. However, as a general guideline, startups often need to demonstrate the potential to reach a valuation of at least $100 million or more within a few years to attract significant VC interest. This typically involves having a scalable business model, a large addressable market, a strong competitive advantage, and a capable team to execute the business plan effectively. It's important to note that these are rough estimates, and each VC firm may have its own specific criteria and expectations.
