article thumbnail

Should Founders Still Raise in an Economic Downturn?

Dream It

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.

founder 195
article thumbnail

Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

TechCrunch

Even with all of that growth, the company is monitoring its cash burn rate in this new economic environment. The company’s goals early on were to “hire and grow in a sustainable way,” Lapeyre said.

support 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

“In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.” billion in 2021.

article thumbnail

Q&A: How Verizon Small Business Digital Ready Can Help You

StartupNation

This program is preparing and connecting Metro Detroit Black-owned businesses to various funding resources to ensure their sustained success. To stay competitive in the new economic environment, small businesses must be agile and adapt to shifting consumer preferences.

article thumbnail

Constrafor, a construction procurement company, goes ‘SAFE’ route with new capital

TechCrunch

Since then, the company tweaked its credit origination and is now growing at 25% month over month this year “in sustainable growth.” And at a time when other financial players are increasing rates due to the difficult economic environment, Constrafor is able to lower its price to customers and pass on the savings to them, he added.

article thumbnail

Three Learnings for Startups after Big Tech’s Q3 Earnings Beatdown

Entrepreneur's Handbook

As an investor that has a basket of potential investment options to choose from, those opportunities with more visibility in the sustainability of their cash flows are at an advantage in uncertain economic environments.

startup 64
article thumbnail

7 investors discuss why edtech startups must go back to basics to survive

TechCrunch

I would say the past few years have been more of an anomaly, and we are getting back to a more sustainable pace. For example, a company could have achieved tremendous growth during the pandemic by tapping into COVID relief funds, but this source of funding may not be stable enough to sustain them for years to come.

startup 85