4x founder, product executive, helping VC-backed teams accelerate product•market fit, sales and fundraising.
Big problem for seed-stage startups. Series A funding is being delayed. Most companies need to extend their runway beyond the planned 24 months. It's a new reality, very different from what we got used to in the last ten years. Chon Tang, fund manager at Berkeley SkyDeck shared some data from Carta that is a wake up call for all founders working for a Series A. In the current #funding landscape, startups often encounter #delays in securing #SeriesA funding, leading to liquidity challenges and tough decisions. For those who have recently raised #seed funding, preparation is key. Our latest article offers actionable tactics you can adopt to extend your financial runway, optimize your business model, develop a strong financial plan, and uphold investor relationships. Discover how to navigate and thrive, even if Series A funding lies two or more years ahead. Stay resilient, focused, and transform obstacles into opportunities. Explore more insights on ensuring your startup's survival and growth! #seedstage #seriesA #startup #founders #runway #tactics
Great article. It’s spot on. I have seen many companies in the Series A crunch. This used to be normal for European companies, but has also become normal in the US.