The more traction, the better. Customers are traction. Traction is anything that de-risks the investment and shows that customers actually like your product (even if it's not done) and you are on your way to product-market fit. If you don't have customers, then you can show things like early sign-ups or letters of intent. Always better to have customers. You don't even have to be making money directly from your product. Some companies consult first.
The more traction, the better. Customers are traction. Traction is anything that de-risks the investment and shows that customers actually like your product (even if it's not done) and you are on your way to product-market fit. If you don't have customers, then you can show things like early sign-ups or letters of intent. Always better to have customers. You don't even have to be making money directly from your product. Some companies consult first.
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