Evaluating the Startup’s Metrics

Evaluating the Startup’s Metrics

May 12, 2022 by investor

Evaluating the Startup’s Metrics

In reviewing a startup, ask the founder or CEO for the metrics they use to guide the business.

Check for these points in their metrics:

1. Do they have a key set of metrics? Many startups aren’t tracking anything.
2. Is the metric appropriate for their type and stage of business?  
3. Do they have too many metrics? If there are too many, then it will be hard to gain traction on any one of them.
4. Is the metric specific or general? The metrics should be specific.
5. Are the metrics actionable? One should be able to make decisions on them.
6. Are the metrics realistic? You should be able to implement programs and activities based on them.
7. Do the metrics cover a specific timeframe? Metrics without a timeframe are meaningless.
8. Do the metrics compare with industry standards or the competition? Performance will vary based on the sector and stage you are at.

Use the startup’s metrics as part of your investment decision.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.


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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.

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