Grow Fast, Breakeven, or Die: How Moderate Cuts Will Kill Startups in 2023
This is going to be BIG.
FEBRUARY 27, 2023
“Extend your runway.” That’s what every VC is telling their portfolio companies these days. The very important part they’re leaving out, however, is, “But keep growing at the same pace before the cuts.” In other words, they’re telling companies that, in order to get next round funding, they’re somehow supposed to stay the same fast growers they were before the tech downturn, but just do that longer and get to higher aggregate revenue and performance numbers.