Pre-seed startup deciding when to raise
Two founders, one contractor, no revenue yet. They want to know whether to open a round now or after the next release.
- Cash on hand: $240,000
- Monthly cash in: $0
- Monthly cash out: $20,000
Net burn $20,000/mo, runway 12.0 months. Fundraising takes 3–6 months, so the raise has to start by month 6 — the release has to ship before then or the round starts from a weaker position.