The reserve capital in the fund is reserved for the break out hits. We don't, we can't indefinitely fund companies that are not growing. So do you think you might want to cut the burn to 50 k a month? Have 20 k in revenue, and then have a plan, so you're only burning 600 for the next year. You can go to your existing investors and say, hey, listen, if i can get 200 k and new money, would you put in 400 k? Here's how we're going to get the 20 k to 60 k. And now you got a credible story.
On today's episode of VC Sunday School, Molly asks Jason about taking the leap on valuation (2:10) and best practices for strategic retreats (11:41). Then, Molly speaks with Meiling Gao and David Lu of Clarity Movement, to talk about their hardware for measuring air quality (33:25).
(0:00) Jason and Molly intro today’s show!
(2:10) VCSS: Taking the leap on valuation
(10:28) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(11:41) VCSS: strategic retreats
(27:44) Microacquire - Sell your business with no fees at https://try.microacquire.com/twist
(29:01) VCSS Bonus Round: Does age matter in founders?
(32:15) Molly tees up This Week in Climate Startups
(33:25) TWiCS: David Lu + Meiling Gao of Clarity Movement
(38:00) Brave - download Brave today at https://brave.com/twist to browse faster, search privately and so much more.
(39:17) TWiCS: More on Clarity Movement’s air pollution measurement hardware
(57:49) Outro + Plugs