Default Alive or Default Dead?
This lesson is an essay published on paulgraham.com.
Read the essayWhat you'll get
Paul Graham's question for every young company: on your current costs and revenue growth, do you reach profitability before the money runs out? It's runway math worth doing whether or not you ever raise.
Do this week
Work out your monthly costs, your revenue growth and your cash on hand, add when clients actually pay you and when your own bills fall due, and answer Graham's question in one sentence.