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So the plan of action when you can't raise more money is "Try pretty much everything and hope it works?" I realize you have to provide advice that might apply
by debacle 12y ago
So the plan of action when you can't raise more money is "Try pretty much everything and hope it works?"
I realize you have to provide advice that might apply to all startups, but in this specific case cutting the burn to 60k (maybe losing a bit of equity to keep employees happy) and trying really hard to hit 60k in revenue and bam, you're suddenly at breakeven and your runway can start to grow, you can breathe, etc.
Raising money is always good, but it's hard, and if you've received a lot of nos, it's not going to get easier. Planning for the acquihire is pretty much admitting defeat.