“Cash is always king”
September 28, 2005
Fred Wilson does a regular post called "VC Cliche of the Week" and this week’s is a winner. CASH IS KING! He is dead on, check out his post here.
"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."
I learned this lesson the hard way in my first venture backed deal. NEVER RUN OUT OF CASH!
