Founder @forecastr | Free Founder Resources 👇
Louisville, Ky
Joined July 2010
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You can grow revenue every month and still run out of cash.
6 cash mistakes that don't show up until it's too late:
5. One bank account for everything.
Keep a reserve your day-to-day spending can't touch.
6. Hiring off your best-case plan.
Hire on the plan you'd bet on, not the one in your deck.
None of these show up on a revenue chart. All of them show up in your bank account.
To see your runway with the prepayments taken out, try the free runway calculator at foundertoolbox.co
A slow raise doesn't just take longer. It usually gets smaller.
Here's why, and how to keep yours to weeks instead of months:
So prep the process before you run the process. Have every document ready to send the same day you're asked.
Build a ranked list of investors who actually write checks at your stage. Skip the ones who don't.
Pack your first meetings into 2 to 3 weeks so the interest overlaps.
Answer follow-ups the same day. Time kills all deals.
To have every document ready the day you're asked, set up a free investor data room at foundertoolbox.co
For a long time, when a founder told me raising was harder for them, I filed it under excuses.
Anybody can raise if the business is good enough. That was my view.
Women founders get grilled on their metrics far more than men do. Founders later in their careers, founders of color and founders outside SF and New York all have a harder time raising.
For the numbers that do need a second look, I keep free calculators and templates for founders at foundertoolbox.co