How Much Money Should You Raise

Long Enough For Your Startup To Take Off

The founder of a seed-stage startup recently asked me, “Harry, do you agree startups should always raise more money than they think they’ll need?” My answer — raise the amount you need.

Some would say eighteen months is a good default for most seed-stage startups. That gives you 12–15 months to hit strong milestones and three to six months to raise your Series A. But for many potential reasons, there’s a large risk that you’ll run out of money before you make enough progress to raise your next round. VC, Leo Polovets, once stated:

Polovets continues:

In the physical world, a runway is a takeoff strip for airplanes. If you were in charge of designing an airport, you’d have to figure out the ideal runway length that would allow all planes to take off and land safely. How long should your runway be? It…

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