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What is traction for a startup?

Traction! It’s an important word, but how do you determine the definition of this in a B2B SAAS space? It really just depends on where you are in the life cycle. If you’re early on, traction might not be as important. When you’re getting to seed, you will need traction. I tend to look at MRR to see if you’re getting to 100K in MRR before looking at seed funding. About Ask an Angel In this series, Ask an Angel, Jonathan Hung answers users’ questions about all things startups, angel investing, and entrepreneurs. This week’s question is: 💸 How do you define traction in SAAS? ❓If you’d like your question answered by Jonathan simply visit: https://jonathanhung.com/ask-an-angel/ 💸 FOLLOW JONATHAN HUNG FOR STARTUP AND INVESTING TIPS 💸 LinkedIn:   / jonathanhung   Twitter:   / jonathanhungvc   Instagram:   / jonathanhungvc   Facebook:   / jonathanhungvc   Website: https://jonathanhung.com/ About Jonathan: Jonathan Hung is a transformative Los Angeles angel investor and venture capital partner who believes in a bright future for businesses seeking to broaden their horizons in North America and Asia. One of the most active angel investors in Southern California, his mission is to drive value creation within each portfolio company. In support of this mission, he serves as Co-Managing Partner at – Unicorn Venture Partners – providing a hands-on approach to supporting companies by offering strategic expertise in operations management, finance, business development, multinational business strategy, entrepreneurship, networking, data analysis, and leadership. In addition to providing venture capital funding and advisory support, he also provides business mentorship based on his experience running U.S. and China offices as the President of United Overseas Textile Corporation. Jonathan was also a Managing Member for his family office fund, J Heart Ventures, which made investments in start-up companies such as: Gyft ChowNow Miso Robotics Clover Health Bitmain #askanangel #losangelesangelinvestor #startupstories