Most founders hide their burn rate until they're 60 days from zero.
Then they panic raise at whatever terms they can get.. The uncomfortable truth: if you can't explain where every dollar went last quarter, you're not ready to ask for more. Transparency isn't optional there. Lesson in that for many.
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Most founders hide their burn rate until they're 60 days from zero.
Then they panic raise at whatever terms they can get..
The uncomfortable truth: if you can't explain where every dollar went last quarter, you're not ready to ask for more.
Transparency isn't optional there.
Lesson in that for many.