Remove Cash Position Remove Community Remove Hiring Remove Product Development
article thumbnail

Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

The investors, founders, and “community” are all super excited about ASC. They close on the $750k, hire a buddy or two, buy some Macs, and get to work. ASC starts building product, but as they get into the thick of it, the team realizes executing on their vision is going to be extremely hard. There is $350k left in the bank.

Burn Rate 152