I think 1 million daily active users isn't as impressive as it was 5 years ago. iOS/Android/Facebook platforms have radically changed distribution.
All that to say, with 1 million daily active users... it depends on the app as to whether VCs would be interested or not.
I'm pretty sure most users who download the app use it daily.
Do you think the app developers can get VC funding if they wanted to?
They received VC funding from Kii Capital.
Note, the post I commented on assumed that with 1 million DAU's that VC's would be "knocking down your doors" to fund a Series A.
With the example developer above, they could probably get some kind of funding (ie., seed funding from somewhere) but I highly doubt reputable VC's would be knocking down their doors to fund a Series A.
There are lots of apps with 20+ million downloads (total), and if they're good apps they might be pushing 1MM DAUs (of course, tough to tell unless developer reveals that). All I'm saying is that some of them are hits and VC's are clamoring over, but some might be good lifestyle (or less scalable) businesses and VC's aren't "knocking over doors" to fund a Series A with them.
I'm just calling out the assumption that 1MM DAU = guaranteed Series A funding.
Come to think of it, I should retract what I said about most of them not being VC-fundable. I just don't know cause the stats aren't out there.
If your mobile app revenue is a steady $1-5m a year, then that's a fine business for you, but I doubt a traditional VC would want in unless you have a plausible reason you can grow 100x.
And even if a VC were interested, I'd hope most people don't take the money. Because now instead of just pocketing steady income and building up a war chest or a retirement fund, you've strapped yourself onto a rocket with "100x or bust" painted on the side. With the odds in favor of "bust".