The 4 Numbers That Decide Whether You Raise or Bootstrap
Four figures — gross margin, payback period, CAC-to-LTV ratio, and growth rate against market speed — decide whether outside capital helps or merely rents your equity.
Lena FischerFour figures — gross margin, payback period, CAC-to-LTV ratio, and growth rate against market speed — decide whether outside capital helps or merely rents your equity.
Lena Fischer
Runway is cash in the bank divided by average monthly net burn — and the number that matters is the one that accounts for the invoices you have not paid yet, not the balance your banking app shows.
Khalid Okonkwo
Post-money SAFEs make your dilution calculable the day you sign — and stack it all onto founders at the priced round. Here is the math, the paperwork, and what to check first.
Owen Blackwood
The election trades a small tax bill today for a fixed measuring date on founder stock — and the statute gives you 30 days from transfer, with no general power for the IRS to forgive a late filing.

What the published four-day-week trials actually measured, the five scheduling models companies used, and the redesign work that has to happen before you remove the day.

A SAFE isn't stock and it isn't debt — here's what triggers conversion, what it doesn't guarantee, and where founders get dilution wrong.

The one-document contract Y Combinator built in 2013 now covers a record 93% of pre-seed deals, per Carta — here is what its terms actually commit a founder to.
Runway sounds like simple math until a founder counts the wrong number as burn. Here's the actual formula, what belongs in it, and how much cushion is realistic.
Owen BlackwoodA SAFE lets you take a check today without setting a valuation today. Here's what the cap, the discount, and the conversion trigger actually commit you to.
Khalid OkonkwoA Texas federal court set aside the FTC's nationwide non-compete ban in August 2024, leaving enforcement to state law — which means the rules differ completely depending on where your employee sits.
Priya Vaithilingam