Traction Slide
The progress that you have made towards achieving milestones. Growth, confirmation of the problem, and adoption of the solution.
Show
- Milestones achieved in the past 3, 6, 12 months
- Proof that validates your assumptions.
- Show momentum on the metrics that matter.
- Relevant metrics and their importance to your success.
- Buyers journey, sales, and service delivery process.
- How you are on track to close more customers.
- Different types of growth
- Product development
- Customer acquisition
- Revenue growth
Tips
- Identify milestones that are relevant, measurable, and achieved recently.
- Time your fundraising around some proof point and use your traction.
- Have proof that you have reached the milestones (e.g., in your financials or a product demo).
- Explain what will be next or possible now that you have hit these milestones.
Common Mistakes
- Showing the entire history of the company.
- Technical milestones that nobody understands are not the best proof of traction
- No context was provided with the milestones (e.g., “hires not tied to a key milestone”)
- Using financial snapshots as traction.
Examples