What is 'Runway' to a startup? 🧐

Imagine your startup is a plane on a runway. Each round of funding you raise extends the runway to give you more time to take off 🛫

If you're about to hit the end of your current runway and haven't taken off yet, you need to raise another round to extend the runway. Or else.... Your startup will crash and burn.

One of the biggest reasons why startups fail is simply because they run out of money. The finest job a CEO has in every startup company is to make sure that the company always has capital. No jet fuel, no trip.