I was in a similar spot about 6 months ago, and was looking in the SoCal angel scene.
I found that having a prototype was awesome. Except that my prototype only had a few early users (under 1k, IIRC). The angels were impressed I had put it together (they said it proved my abilities), but it didn't prove anything about my business model or company or industry.
So, yeah, prototype can sell them on your skills. But traction is what sells investors on your business model.
I found that having a prototype was awesome. Except that my prototype only had a few early users (under 1k, IIRC). The angels were impressed I had put it together (they said it proved my abilities), but it didn't prove anything about my business model or company or industry.
So, yeah, prototype can sell them on your skills. But traction is what sells investors on your business model.