Pre-Seed (Idea to MVP) — Target Score: 45–60
At pre-seed, investors primarily evaluate team and idea. Financial and product dimensions will naturally score lower because you haven't yet built or sold. Focus on:
- Incorporating correctly (Private Limited preferred over LLP for VC funding) and obtaining DPIIT recognition
- Executing founder vesting agreements and IP assignments before raising any capital
- Documenting customer discovery interviews — evidence of problem validation substitutes for revenue traction
Seed Stage (MVP to ₹1Cr ARR) — Target Score: 60–75
At seed, investors want to see early PMF signals and financial discipline. Your score should reflect:
- 18+ months of runway post-seed round
- 10–30 paying customers with documented NPS above 40
- All ROC filings and GST returns current — zero compliance gaps
- Core team (product, engineering, 1 sales leader) in place
- Trademark registered and IP assignments executed
Series A (₹1Cr–₹20Cr ARR) — Target Score: 75–85
Series A investors conduct deep due diligence. A score below 70 signals material gaps they will raise in term sheet negotiations. Your score should reflect:
- Strong PMF evidence: 40%+ Sean Ellis score, D30 retention above benchmark for your sector
- Efficient growth: CAC payback under 18 months, LTV:CAC above 3:1
- Complete leadership team: CTO, CFO/VP Finance, Head of Sales, Head of Marketing
- SOC 2 readiness assessment completed if selling to enterprise customers
What a Score Above 85 Signals to Investors
- Financial health is strong — 24+ months runway, healthy unit economics, positive gross margin trajectory
- Legal compliance is spotless — zero penalty risk, IP fully protected, cap table clean
- Product has proven market fit — users would miss the product, retention is strong, NPS is positive
- Team is complete — no single-point-of-failure dependency on a founder, ESOP in place to retain talent
- Operations are scalable — processes documented, infrastructure reviewed, compliance automated