article thumbnail

Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). Investors also look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low.

Burn Rate 232
article thumbnail

High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). Investors look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low.

Burn Rate 231
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t Get Burned By Your Startup Burn Rate

Startup Professionals Musings

Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling. Investors look at your burn rate to see how efficient and effective you are at running the business. For obvious reasons, you need to keep your burn rate low. Marty Zwilling.

Burn Rate 120
article thumbnail

6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

Now you can do it for free, or a few hundred dollars, with one of the many web building tools available, like Shopify or Weebly. These steps alone can reduce your monthly burn rate by at least $10K. A programmer can build a new smartphone app for a few thousand dollars. Use the cloud and subscriptions for computing technology.

Cost 405
article thumbnail

Startup founder salaries: Younger, more inexperienced entrepreneurs pay themselves less

The Next Web

Our report last week on the salaries that startup founders pay themselves stirred up a lot of discussion here on The Next Web, Hacker News , Twitter and beyond. This would indicate that founders are generally being sensible with their bank balance, watching their burn rate closely and not taking more out until there’s more coming in.

Salary 152
article thumbnail

Are Business Plans Still Necessary?

Both Sides of the Table

I remember going to an Under the Radar conference in 2006 in the heat of the Web 2.0 There were tons of young entrepreneurs showing their latest Web 2.0 Unfortunately this was reinforced by the many conferences that rushed to espouse the benefits of Web 2.0 Cisco and others went out to fill out their Web 2.0

article thumbnail

Twitter Link Roundup #240 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! What is the Right Burn Rate at a Startup Company? | All young entrepreneurs should read … My Last Day At PivotDesk | Kelly Taylor’s Blog – crowdspring.co/1sZar6P.