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Yes, that is totally appropriate; in fact, not asking would make you seem naive. (But check Crunchbase and other sources to get publicly available info first)
by calcsam 13y ago
Yes, that is totally appropriate; in fact, not asking would make you seem naive. (But check Crunchbase and other sources to get publicly available info first)
Introduce the questions with something like "I'd like to get a sense of what the company's long-term future is and what the current state of development is."
- lisper 13y ago> check Crunchbase and other sources to get publicly available info first This. The best way to ask about funding is to do a web search, take all the publicly available data, and do your own rough back-of-the envelope calculation of how much runway the company has. It doesn't matter if this number is wildly off, just that it's defensible in light of the publicly available information. Then say, "Based on the info I found on the web I figured that you have about X months of runway. Am I anywhere close to being correct?"
- dannykansas 13y agoGreat, glad to hear (and that phrasing is excellent for raising the topic). I could Google around, but you seem knowledgeable - is there a quick primer you're aware of that would get me to a conversational understanding of startup financing / VC funding?