Poshmark: Manish Chandra
How I Built This with Guy Raz
00:00
Financial Planning for Startup Survival
Discussing the importance of having 12 months of cash in the bank for a startup, the speaker highlights the necessity of calculating the amount of money required for survival without funding for six to nine months. The plan also includes allowing an additional three to four months to find a job if the startup idea doesn't take off. Successfully raising money in the first few months spared the speaker from burning through their savings, thanks to a series of fortunate events.
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