[atlasV]

you mean to say all the pre-live pre-revenue startups are funded purely based on assumptions?

[verdverm]

No, they typically have beta users and are already iterating on the product.

Be mindful that founders and their attitude usually count more than the initial idea to investors. Pretty much every product fails on first touch with real customers.

You've been quite snarky and/or arrogant here and that is a red flag.

[atlasV]

haha you know nothing about me, how prejudiced! Feel free to wave any colour flag you please..

Not all have beta users, some raise pre-seed round before launch which is what I am trying to find out how they do it.