Resources for Extending your Runway
During and post- COVID
Originally published in July 2020, updated monthly through April , September 2021, November + December 2022, February, April + May + July 2023 for relevancy
You keep hearing that you need 24-30 months of runway during this time. You’ve already pivoted, scoped down your product offering and improved your revenue stream -- and you don’t want to take out a loan. What are your options? Here are (un-affiliated unless mentioned otherwise) resources.
Resources to help you get in front of VCs:
Try out Founder's Institute guide for Securing Investor Introductions
Investors that don't require warm intros:
Pitch in front of potential investors, get their feedback to build connections, and follow-up on feedback [Gary Livingston]. Here are some events to consider:
StartEngine pitch competition (Sept 18 deadline)
TechSparks CONNECT Pitchfest (Oct 10 deadline)
VCs investing in minority founders
Demo Day as part of an accelerator's cohort. Here's advice from:
DC Palter (fellow FoundersBoost mentor) on the importance of accelerator due diligence in The Rise and Fall of Newchip Accelerator: One of the biggest startup accelerators is being liquidated. Was it a scam or just another failed startup?
Not every start-up is a fit for VC; here are alternatives to venture funding:
Grants [George Le]. Here are my recommendations:
Grants available to minority founders
Grant and virtual workshops from Tory Burch Foundation (Nov 12 deadline)
SBIR, ahead of applying, consider
South LA Founders (October 9 deadline)
Global InvestHer Community of founders and investors
805 start-ups (weekly, virtual) community check-in
dot.LA Summit (October 27 & 28)
Connect, San Diego non-profit "helping entrepreneurs build great companies"
(Free) Course on Venture Deals and Financing from Kauffman Fellows and Techstars
You're not getting a "yes" from investors. Let's rescue your pitch deck! Please schedule a (flat-fee) session with me.
You may also like:
Talk with advice on how to start from 0 on your Data Strategy for Product Market Fit
Dear Advisor: How do I Find a Cofounder? (or) Why you Don't Need One
How to activate your investor network: Examples and tactics for getting the most out of your investors, by Sam Corcos for Lenny's Newsletter
Advice from NFX with "39 Moves to Survive (& Thrive) in a Downturn: 2022 Edition"
"Ask A Seed VC" column, by Eniac Ventures
The “Forwardable Email”: How to Tee Up a Warm Introduction, by Craig Cummings of Moonshots Capital
YC Startup Library of previously published advice, based on work with 2K+ start-ups over last 15 years
Pitch deck advice:
Eniac Data Room Template when pitching for Series A, as referenced in this article What Startups Need (And Don’t Need) In Their Series A Data Room
700+ pitch decks in PitchDeck Database of top tech companies in the world
Legal Concepts for Founders, by Clerky
Book on "Founder's Dilemmas", by Noam Wasserman
Read Dave Parker's book: Trajectory: Startup: Ideation to Product/Market Fit
How Much Should Startups Pay Their Key Advisors?, by DC Palter
*Irina is an advisor on the CoFoundersLab platform