Traction is an elusive term thrown around by every VC when discussing interesting ventures to invest in. As an entrepreneur looking for funds finding investors is really about understanding which investors you should be talking to and what you need to have to show them. Using lean startup principles build out your idea with more efficiency, less waste and better results. Understand what investors want to invest in, and prioritize your efforts.
Update Aug 21 2014 for the TechFoundry Accelerator program