Before you pitch, know your numbers cold — not because investors will quiz you, but because how you talk about your metrics reveals how you think. If you know your CAC, LTV, churn, and gross margin from memory, you signal operational depth. If you don't, investors assume you are not running a tight ship. The metrics that matter most depend on your stage. Pre-seed: leading indicators — conversations, pilots, letters of intent. Seed: early retention and unit economics. Series A: repeatable revenue growth and a clear path to profitability.
Exercise
Write down your 5 key metrics from memory right now, without looking anything up. Which ones can you not fill in? Those gaps are the ones to close before any investor conversation.