Early stage founders often think about their runway in terms of months of cash.
In the truly early days, pre-PMF, the real runway is more like months of founder will. Most people only have 18-24 months before they run out of steam, that's the real resource to spend carefully.
@MorgLiv Ughh sorry this happened to you … saw someone yesterday with their windows just down and their back seat pushed forward making it “easy” for people to see nothing is inside. I hate that it’s come to this.
Confused by all the VC lingo? Join me this Wednesday and we’ll walk through the most common VC terms together 🤝Comment below if there are any terms you think I should cover 👇
Don't forget to register for our upcoming webinar "Common Legal VC Terms for Investors" with guest speaker, Ariana Shaffer, Founding Attorney at @use_tome.
👉Register here: https://t.co/i9c5IoZokW
📆Wednesday, March 29, 2023
⏰9:00 am – 9:45 am PST
#vcunlocked#webinar
Also, FYI you need at least a majority of the board to approve any corporate action so that '1 Black' and '1 LGBTQ+’ board member couldn't decide anything on their own. In fact, they needed a majority of their White, heterosexual colleagues to vote along with them 👨💼
Implying that a focus on #diversity was responsible for the collapse of #svb is a narrative that is tired as much as it is untrue. Diversity leads to better business outcomes not the other way around.
I hope whoever takes over SVB remains committed to diversity and supporting diverse founders so that we can continue to improve our diversity metrics within the VC community.