Both Sides of the Table
JUNE 17, 2017
They don’t want high burn rates but they will never fund slow growth. They both raised angel / seed money of $1.5 Venture capital isn’t right for many business but if you do want to raise from a VC at some point you need to understand that often investors care more about growth than profits.
Seeing Both Sides
MARCH 2, 2011
Modest burn : the company only raised $1.35 million in its series A financing and kept the burn rate at less than $100k per month to make he money last. Dennis wrote a great post at the time of the financing that showed just how product obsessed he was, even after taking the seed money.
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Version One Ventures
JANUARY 28, 2013
Lengthen your runway by cutting your burn rate: You’ll need to give yourself enough time to get to profitability or get traction in the market. Take a close look at your burn rate and determine where you can make cuts. Your chances will be rather limited to close a Series A deal – as a result, you need to get creative: 1.
www.paulgraham.com
APRIL 28, 2010
It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.
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