Theodor Kaljo

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In meetings with founders, I’m often able to tell them exactly how much money they are burning and when they will be out of cash. It’s fairly easy to do: you simply write down what their revenue is and how many full-time employees they have.
Theodor Kaljo
You need to figure out the avg employer cost per FTE. Add €10K for misc spend, subtract monthly revenue and you can pretty much calculate monthly burn. Ask how much they’ve raised and when. You can calculate from that how much cash and runway they should have left. And from the revenue growth rate, when they should be profitable.
Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
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