Think back to the last time you sat in an aeroplane as it turned the final corner to line up on the runway, and how quickly the long stretch of tarmac was eaten up by the rocketing acceleration of the plane.
Now imagine the runway has been reduced by half. The task of getting that 200-ton metal vehicle off the ground and soaring through the air is suddenly far more challenging.
This is the reality for startups with short cash runways.
It’s been predicted that the average UK tech startup has just four to six months of cash runway. Coupled with the fact that VC investment levels saw a decline in 2022, tech startups are facing a cash cliff edge....