That's relative, but in the context of this conversation it probably means "runway longer than the miserable fundraising market is expected to last". So, longe

That's relative, but in the context of this conversation it probably means "runway longer than the miserable fundraising market is expected to last". So, longer than 1-2 years, which seems disturbingly typical for a lot of startups I've talked to. In contrast I once interviewed at a startup that had a net burn rate low enough to keep running for 7-8 years without needing additional funding, even assuming no revenue growth. Presumably they'd be in a better position to weather a tech downturn (though one has to be careful about what a downturn would also do to said revenue - companies building products and services for other tech companies are especially susceptible).