It varies dramatically – different investors care about different things.
In general, team and product dominate, but some investors are very focused on market size and opportunity. There are also some investors that think you can “fix team after the fact” (I’m not one of them), while there are others that pay no attention to the product and just focus on the team.
The best advice I could give here is to actually know the individual investors desires and strategy as it varies by investor.
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