Re:Building a company brick-by-brick
by mychaelangelo on Wednesday December 03, 2014 @10:19AM
(#8694121)
Thanks for sharing and highlighting the runway point. Follow-on funding shouldn't be an after thought once sh*t hits the fan. It should be baked into forecasts/plans from the get-go, if it's something that will be needed either for growth, or as a margin of safety.
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Re:Building a company brick-by-brick
by cuponthefloor on Wednesday December 03, 2014 @10:38AM
(#8694227)
That is 100% correct. It was a hard lesson to learn but we are now pretty savvy to the process. However I think that it is very hard to plan for a buffer margin. There are very few business plans that I have seen that plan for buffer margins.