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by james_impliu
1279 days ago
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hey, I wrote this piece and realised it was here! to respond to a few of these points... > What do you plan to do if you run out of your current money without being profitable yet? We maintain default alive status (there's a good Paul Graham essay on this), and visit our growth assumptions every couple of months so that we can track to profitability. We give ourselves a $4M cushion - ie our expected low point in capital before hitting profitability (last round was $15M to give a sense), which is a fairly conservative. Worst case scenario is that if this fails, our revenue has already grown a ton since our last fundraise. > But once growths slows you'll probably get to know that side of them Fair point. I guess it's less important but still not great though if you are able to get to default alive/profitable and if you've got good terms through the first couple of rounds. |
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