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Ah yes. My apologies. Our current burn rate is about $20k a month, which includes modest founder salaries (not quite enough to pay the bills, but it helps).
by seaking 16y ago
Ah yes. My apologies.
Our current burn rate is about $20k a month, which includes modest founder salaries (not quite enough to pay the bills, but it helps).
Most of our burn is actually for third-party data providers, which are essential to our business at this time.
We do think we're close to revenue, but it may be a few months longer before we're actually cashflow positive.
I'll be honest -- there's a divorce between our heads and our guts at this time. From a business perspective, it makes sense to keep the lights on and see where this thing goes. If we walk away from this deal, we put the company in serious jeopardy unless we can find an accelerated path to revenue. So the head says yes, but the gut says no.
- timelinex 16y ago[off topic]This raises an interesting question, whether gut and head should agree when conducting business?
- petervandijck 16y agoFollow your gut, for real. Shop around for a better deal. Also remember, your "we just need a few months" is probably off. You'll likely need more than that.