article thumbnail

Five common misconceptions about building a startup in New York City

This is going to be BIG.

My company was not well executed enough to achieve venture capital financing—and that wasn’t the city’s fault, it was mine. If you want to build your startup in the middle of nowhere and optimize purely for low burn rate, then sure, I’m sure you could work more cheaply elsewhere. I was there, too.

article thumbnail

Getting Your Head in the Game for Fund Raising

Both Sides of the Table

You have cash in the bank, a monthly burn rate and a “cash out” date that few in the company truly comprehend. When you run a startup you’re always on borrowed time. I’ve never met a founder who wasn’t acutely aware of his or her ticking time bomb and the sense that failure and humiliation is a real possibility.

Burn Rate 238