I am raising $100K to build a product, and then run some GTM strategies (that worked previously). Got 120+ paid users (mostly presales) and around 16K in revenue (~10 months).<p>Now whenever I am talking to early-stage investors, mostly angels, they are asking - how much in % will I get?<p>I am trying my best to explain, we are an early-stage company and don't have a valuation. However, we are open to setting up a valuation cap.<p>The conversation gets difficult at this point. Let's say I am asking for a $1M valuation cap and they are instantly getting confused/furious how is your valuation $1M with $1.6K MRR only?<p>How to get around this?