Startup Funding Espresso -- Know Your Burn Rate

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In determining your raise amount, consider what you need for the next 18-24 months and focus on that window rather than the entire life of the company. Raise enough to accomplish the goals for that timeframe. Consider any revenue you currently have coming in and by how much it will grow. Estimate the amount of money you will burn through each month so you know how much runway funding will buy you. Set an ideal raise amount and a fallback plan in case the fundraise comes up short of the ideal. For every $1M of funding you need, it will take you one calendar year to raise it. Based on this information, you can determine how much you need to raise and when you should start the campaign. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let's go startup something today.-----For more episodes from Investor Connect, please visit the site at: http://investorconnect.orgCheck out our other podcasts here: https://investorconnect.org/For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected]