The best financial advice that VCs give startups, let's go over this because we see things from our side of the table that may be founders don't see because they're doing

one startup every five or ten years. We're doing five or ten startups every month at our

firm. We invest in a hundred companies. So let's talk, let's unpack it Scott, what's the advice you hear most often from venture

capitalists like myself giving to startups and why do we give that advice?

Yeah, the simplest advice and probably the best advice is

always make sure you have a cash runway that can support or overlay your

milestones. VCs are really because you're, Jason, you're doing this all day long

too. You're seeing companies come in, ask for funding, and you know what's kind of attainable,

and you also have a good sense of what it's going to take to get that next round on.

So launch, you know, seed investor, pre-seed investor, you guys have a really good eye for what a

Series A needs to look like to get in.

And what I mean by that is like how much air are or how much how many

customers how many users whatever it is right and so asking your investors

what it's going to take to raise that next round is probably the most helpful vice and then the

second advice is the is kind of the simplest which is don't run out of money dummy right

like always have six months of cash maybe nine months of cash at all times, and make sure that you're planning ahead and sometimes you got to cut some expenses even though it's painful.

Sometimes you're feeling really good

and you're getting inbound term sheets.

Maybe you can delay that a little bit

and hit the accelerator a little bit more.

So VCs have just such a great feel for the market

and what is happening at the moment.

...