Months to Fumes
How many months-to-fumes does your startup have? That's the metric John Huston, Chairman, Angel Capital Association, suggests we use to recalibrate our portfolio companies' runways. On the call with me is Tech Coast Angel Dave Berkus; he sits on 10 for-profit, 4 non-profit boards and is chairman of 6, including the myShape board and brings CEO Louise Wannier along to discuss what steps she's taking after her C-round financing by Lehman Brothers to deal with the new economic realities.
Show #192 (36:15)
Comments
excellent podcast, very timely. I think the "economic meltdown" is a good opportunity for companies that are in revenue that have the frugal bootstrapping mentality, to outshine companies that are over leveraged, big budgets and have a high cash burn rate. Today' podcast teaches a great lesson, plans are supposed to be fluid, as the external environment changes the plan must also morph to keep moving forward successfully.
Frank replies: I, too, have thought that this tumultuous time might create a "level playing field" where the nimble might gain an advantage
Posted by: Deep Patel | October 27, 2008 12:29 PM
Months to Fumes was interesting! Too bad the technology kept giving Louise Wannier so much trouble getting on line!
Posted by: John Kubik | October 27, 2008 05:27 PM
Thanks for doing these interviews.
I always walk away with something to think about.
Posted by: Terry Petty | October 30, 2008 06:55 AM