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David Sacks: SaaS Metrics, Tech Cycles & Fundraising in a Down Market
"World of DaaS"
Is There a Regime Change in the Capital Markets?
I want them to have at least two years of runway. I think that's what's necessary to get through this recession. The problem with basing runway on a forecast like that is that revenue might not materialize. And so you're unable to raise because you missed your numbers. Those companies are the ones that just hit a wall and die.
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