Cash Is King
In a recent back and forth with fellow board members about a compensation issue, one of the board members wrote:
We are back to Al Shugart's 3 Rules of Entrepreneurship: each rule reads "cash is more important than your mother."
I couldn't agree more. There is no greater commodity for startups in this economy than cash. And there is no better-received trait by venture investors than frugality.
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money could buy you talent and talent would let you raise money but nothing was going to buy you another year to develop your product. So it was interesting to read that Cash is King Read More
If the idea alone was really that valuable, then it wouldn't take years to turn the idea into a successful product. The devil is in the details. Read More
5{: The single most important financial metric for any startup company isn’t revenues, margin, headcount, or profits. Those are all important, for sure. But the number that matters most is the cash balance. Because cash is king. I k... Read More
