Asked by Julie Rollo on Feb 18, 2024
Verified
What is traction?
A) all the work you've done to date to build your venture
B) the "hook" you use to successfully attract investors
C) the moment in your pitch when you know the audience is on your side
D) the first time you realize your pitch deck is effective
Crowdfunding
The process of raising funding for a new venture from a large audience (the “crowd”), typically through the Internet.
- Understanding the concept of traction in the context of building a venture
- Recognizing the importance of traction in attracting investors
- Identifying the key elements of a successful pitch that can generate traction
Verified Answer
BK
Brittanni KaLynFeb 18, 2024
Final Answer :
A
Explanation :
Traction refers to all the progress and achievements a venture has made, including sales, partnerships, user growth, and other key metrics that demonstrate the venture's potential for success and growth.
Learning Objectives
- Understanding the concept of traction in the context of building a venture
- Recognizing the importance of traction in attracting investors
- Identifying the key elements of a successful pitch that can generate traction