techcrunch.com – Allocating startup capital is hard — but more importantly, it’s key to successfully raising your next round. Which tools are founders using to build a strategic financial plan? With cash in the bank, a founder’s job is to time growth, metrics and money to validate a thesis and raise another round.
My question is this: How strategic is this budgeting process in practice, and what are founders doing today to best understand their burn?
In the early startup days, managing a budget is simple. But once you raise money and start down the buffet of SaaS products, rows start adding up. Before you know it, your budget is confusing and lacks precision.
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