★★★★★
Category Leader
Dominant market position, $1B+ scale, proven moat
★★★★☆
Strong Contender
$200M+ raised, strong traction, clear differentiation
★★★☆☆
Promising
Growing company with product-market fit, real revenue
★★☆☆☆
Early Stage
Pre-revenue or early revenue, still finding fit
★☆☆☆☆
Nascent
Very early, pre-product or research stage