Startup Shuts Operation on 1 day notice
It's gonna be long thread.
I have been working as lead engineer in a early stage startup since last one year.
Founder (20 years exp in Product Management) raised some money from friends & family to start
Atleast one year runway for all expenses of founding team and have buffer for additional hiring which may happen alongside.
And right time to start prepare for or switching to another company would be when you know only 6 months runaway is left
Startups don’t die because they have bad ideas. Most die because they run out of money. And that’s exactly why understanding Burn Rate and Runway is crucial.
Burn Rate is the amount of money a startup spends every month to operate salaries, rent, ma
A platform where any person can share his salary and if he shares his monthly expenses, then the system will prepare his monthly saving and investing budget for him by the use of data analyst and ai
Struggling to budget your rent? A good rule of thumb is to keep your rent at **30% of your monthly income** or less. This ensures you have enough left for savings and other expenses!
5 replies3 likes
Vishu Bheda
•
Medial • 2m
Keith Rabois: “I tell founders not to worry about runway. Worry about lift.”
Runway (money/time left) is just a tool to achieve lift (traction & growth).
But if extra runway doesn’t help you hit traction, it’s useless.
Don’t raise funds just to “
Doodhwala, an Indian startup for milk and grocery delivery, failed due to several critical missteps. The company faced persistent 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐜𝐚𝐬𝐡 𝐟𝐥𝐨𝐰, with expenses exceeding revenues due to high operational costs and excessive marketi
I need advice please.
I wasted an year for ipmat and didn't study. Now only 1 month is left. I don't feel I can do anything in my life. I will not give cat because of the competition and also because I won't have a good profile. I need your advices
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2 replies8 likes
NM Reddy
Hey I am on Medial • 8d
I have an idea around building an AI based RFP response B2B application(Tellida) which integrates with Project Management Applications and Expenses management tools.Looking to build Market Fit Check application before we build the actual application.
I am 21 , working remotely from tier 2-3 ish town getting 1L/pm in-hand live with family have zero expenses but i can follow two career paths
- be better at what I do and keep getting better offers and switching companies for life...
- join my da
I applied to a company, went through all the interview rounds, and was selected. However, when I was expecting to receive the offer letter today, the HR informed me that they don’t need additional developers at this time. As a 2023 graduate, this has
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3 replies4 likes
Prashant Dubey
Curious • 4m
As a cloud kitchen owner, I’m raising awareness about the challenges we face on delivery platforms like Zomato. They charge a 30% commission per order, and with an additional 10% government tax, we’re left with just 60% of the order value. From this,