Understanding the questions behind a VC’s questions: Part 3 — How long will we be climbing?
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This is the third in a series. To see part 1, What the F is “fit?” please go here and for part 2 please go here. How are we going to take this hill? How will you know when it is time to go to plan B?” Investors will usually ask what you believe it will take for the business to achieve the transitions from revenue generating to cash flow positive to monthly, quarterly and annual profitability and the key development milestones along the way. The actual outcome has a significant impact on the type of investment the fund is making, but your sense of the road ahead is the most valuable piece of information. It is impossible to predict with much accuracy so understanding the team’s approach to discovering the optimal path for the business (i.e. is it
Understanding the questions behind a VC’s questions: Part 3 — How long will we be climbing?
Understanding the questions behind a VC’s…
Understanding the questions behind a VC’s questions: Part 3 — How long will we be climbing?
This is the third in a series. To see part 1, What the F is “fit?” please go here and for part 2 please go here. How are we going to take this hill? How will you know when it is time to go to plan B?” Investors will usually ask what you believe it will take for the business to achieve the transitions from revenue generating to cash flow positive to monthly, quarterly and annual profitability and the key development milestones along the way. The actual outcome has a significant impact on the type of investment the fund is making, but your sense of the road ahead is the most valuable piece of information. It is impossible to predict with much accuracy so understanding the team’s approach to discovering the optimal path for the business (i.e. is it