8.9 C
London
Monday, January 30, 2023

The ‘ideal runway’ is a myth, isn’t it? • londonbusinessblog.com

Must read

Niki Demar- Wiki, bio, age, height, net worth, boyfriend

Niki Demar, also known as Niki Demartino, is a musician, YouTuber and social media celebrity from the United States. She is known for...

Who is Aikuros? Real name, age, sizes, boyfriend

 Who is Aikuros?Hyoon was born on June 12, 1995 in the United States of America. She is an...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

when it comes to advice, tech likes standardization. Startups are often told that there are certain metrics to meet, deadlines to meet, timeframes to measure against.

Examples galore: This is the ideal amount to raise during your Serie A round; here’s how many employees you should have before hiring this executive; here’s what stage to hire legal advice; and, most recently, this is what percentage of the workforce you’ll have to lay off if you can’t access more funding.

(The answer is 20% of the staff, depending on who you ask).

There is a response to some of these general statements: Startups are complicated and one size is definitely not right for everyone. But still, these startup standards push companies in the right direction, at some point they become the status quo.

That’s why when entrepreneur Paul Graham, the co-founder of Y Combinator, suggested that: he sees startups with 20 years runway thanks to huge fundraisers in 2021 it caught my eye. Isn’t the common advice that startups should have a three-year runway? And if we are in a more bullish market, 18 months?

My delayed response to this August tweet aside, let’s talk about the runway. As you can see from the headline of this piece, I think the ideal runway length is a myth – alongside other startup myths like more money equals more growth. By the end of this piece, you can agree.


More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Niki Demar- Wiki, bio, age, height, net worth, boyfriend

Niki Demar, also known as Niki Demartino, is a musician, YouTuber and social media celebrity from the United States. She is known for...

Who is Aikuros? Real name, age, sizes, boyfriend

 Who is Aikuros?Hyoon was born on June 12, 1995 in the United States of America. She is an...

CPP Investments commits $205 million to Indospace’s new fund to build industrial, logistics parks in India

Canada Pension Plan Investment Board has committed to invest USD 205 million in IndoSpace's new real estate fund for the development of industrial and...