Published: 12 August 2024
Summary
Economic events are stalling companies and threatening short- and long-term revenue and profits. In this research, we show tech CEOs how to lengthen their cash runways and ensure their company’s survival. Those with less than six months of financial runway must take drastic action now.
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Overview
Key Findings
Some tech CEOs are down to a few months of cash, with little or no hope of raising money or selling their way out of the problem.
Some tech CEOs have up to six months of cash runway available, but the next financial moves are unclear or not understood in terms of their critical impact on the company’s success.
Some tech CEOs have more than six to 12 months of cash but are not accounting for the effects of the slowing economy on sales cycles. The next round of funding is often delayed.
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