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Sure, but you have the option of saying "Undisclosed" right? Seems like a lot of startups use funding rounds for PR. I wanted to know if 120k is sustainable f
by jaypaulynice 10y ago
Sure, but you have the option of saying "Undisclosed" right? Seems like a lot of startups use funding rounds for PR. I wanted to know if 120k is sustainable for more than 6 months or these startups have something else going for them...some could be profitable right away, but not half of all the startups...
- tlb 10y ago"Undisclosed" would be the answer for nearly every startup. All public databases can do is add up the reported fundraising to provide a lower bound. It's rare for a young startup to be profitable, but many have some revenue which extends their runway. Founders who live cheaply can stretch $120k well beyond 6 months. 24 months isn't uncommon.