There isn't a correct burnriht. It depends on so many varying factors, especially these factors are changing as your company is growing and as you're reaching different stages of funding. The two quick decisions i think you need to look at are all your growth needs and how active of an investment opportunity are you for the investor community? If you're doing a physical business, or if you're doing a softwar business, you have very different expenditure profiles. So in our case, again, we're oftentimes building out new spaces, creatinga new access systems for our spaces,. A lot of these things are mostly one off expenses a more like our ind so i think that that's another
A low-burn rate gives startups the agility they need to succeed and weather unforeseen challenges. Two CEOs join Jason to discuss how founders can make the most of their limited capital. Ben Seidl of Neyborly covers managing burn rate (2:58), Lil Roberts of Xendoo shares the steps needed to maintain financial health, then Jason joins for a Q&A on how to create a slingshot business(48:48), the appropriate level of runway (55:02) & more.