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- What is your current runway and burn rate? I can't think of any possible scenario where a company would hand that information to an outsider. Perhaps try so
by joezydeco 10y ago
- What is your current runway and burn rate?
I can't think of any possible scenario where a company would hand that information to an outsider.
Perhaps try something a little more subtle on the non-executives and look for warning signs:
- Does the company use a payroll service?
- Have you ever been paid late, even by one day?
- Have you ever been offered alternate compensation (say, a few more shares instead of your weekly check)?
- deleted 10y ago[deleted]
- x0x0 10y agoFor small companies, it's very reasonable to ask, at minimum, their runway. There's a big difference between 3 months and 18 months, and this is very relevant to your decision, particularly if you're currently employed. If the runway is less than 6 months, it's reasonable to tell them to complete the raise and email you when they're done. A friend of mine was laid off less than 4 months after a startup talked him into leaving apple because they didn't get their raise done. I'd also ask when they're going to raise their next round on -- what features / milestones / usage / whatever get the raise done in the ceo's mind. And where they are on getting the aforementioned accomplished. I would prefer the ceo to know this off the top of his or her head.