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Runway is a crucial indicator of survival that signifies your company’s future financial ability to sustain operations. If you cannot sustain operations for 18 months, cut your burn rate so you can extend your runway. Investors want to see you’re able to remain lean and adapt to changing economic circumstances.
It concludes with a Pitch Showcase awarding at least $25,000 in prize money. This program is preparing and connecting Metro Detroit Black-owned businesses to various funding resources to ensure their sustained success.
Between his roles as co-leader of Mayfield Fund’s engineering biology practice and founder at IndieBio, Arvind Gupta reviewed approximately 470 startup pitches last year. It’s just different in different economicenvironments, it’s never shut, so to speak.
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