Ask HN: Do social media apps need to have 1M users to fundraise?

FB's had way less users than 1M when they raised seed A, but that was in 2005. In 2019, you'd need at least 1M, with a high retention rate (i'd say at least 65%+ 30-day basis). Also show high growth rate and a daily use greater than 5/10 mins per user

Depends on your investors - VC vs rich baseball player is different

Depends on DAU, MAU, time spent per day on app, estimated CAC and projected LTV

I'm sure a niche social media app with LTV of $10k/user but only 5k users could raise money easily