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when it doesn't have at least a year's runway

That's definitely a common trigger point. It also creates urgency to raise funds. But is it worth waiting for this trigger of one year runway?

imho yes. if you want best valuation. it may take upto 5-6 months to get the funds into account so a year's runway should ideally be a trigger point. you won't be in hand to mouth condition. you will look for useless expenses and cutoff them and spen

well put, making complete practical sense. Appreciate your valuable insights