Ready to meet an investor?

12 questions investors really ask, an investor patience meter, and a score at the end. Three minutes of practice – and a few laughs at classic founder mistakes.

What do investors check in a first meeting?

Investor meetings usually fail not because of the idea, but because of poor preparation. Experienced investors see hundreds of founders a year and can tell within minutes whether they are interested. They look at the team (“why you?”), the market and competition, the business model, and how much you are raising and why.

What changes by stage?

At Pre-Seed it is fine to have no revenue yet, but you must know who the customer is, which problem you solve and why now. At Seed, investors look for early signs of product-market fit and first data. At Series A there is no room for guesses: customer acquisition cost, lifetime value, burn rate and a clean cap table.

Four things to settle before any meeting

  • Check that the fund invests at your stage, in your field and at your check size.
  • Know how much you are raising, and which milestone the money buys.
  • An up-to-date cap table and an organized data room.
  • Practice the hard questions out loud – with someone who interrupts you halfway.

Go deeper: What investors are really testing in a meeting, The art of approaching investors, and the runway calculator – to know when to start fundraising.