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This seems to be why it failed in only 6 months: >>We had 2 marketing officers, 2 business developers, 2 strategy analysts, 1 researcher contractor and 4 devel
by arbuge 13y ago
This seems to be why it failed in only 6 months:
>>We had 2 marketing officers, 2 business developers, 2 strategy analysts, 1 researcher contractor and 4 developers when operating at full speed.
...with just 500,000 euros in the bank from the capital raise. A good rule of thumb is for raise to allow for 18 mos runway given the burn rate, approximately.