(Warning signs are, “No one has thought of this/is doing this/we have the exclusive patents.”)5. Business model: List all the parts of your business model.

This means you have evidence that you’ve found product/market fit and have fanatic customers who are reference accounts.

4. Business model: In seed you often discover your business has more moving parts than you originally thought.

You should be testing all parts of your business model; revenue models/pricing, resources, activities and partners.

5. Business model: By the end of Series A, all parts of the business model have been tested and they add up to a scalable, repeatable, and profitable business. | To read full story, visit https://startuparound.com/read/1582434015.4366758/How-to-raise-money-–-it’s-a-journey-not-an-event?ref=audio_experience