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How Much Money Should a Startup Have in the Bank? By Jason Calacanis One question I get all the time from fellow entrepreneurs is “How much money should I have in the bank?”

How Much Money Should a Startup Have in the Bank?

In the startup industry we call this “runway,” and you’ll frequently hear management teams discuss how much runway they have in terms of months. Another name for the capital you have in the bank is “dry powder,” as in dry gunpowder your soldiers can use to kill and maim your enemies -- and win the war. Startups should have 18 months of runway. Under 18 months you’ll be distracted. Over 18 months you might get distracted. What Is Runway and Why It’s Important Your runway in months is amount of capital you have in the bank divided by the amount of money you burn (or lose) each month.

For example, when I started Mahalo.com we were burning around $500K a month. I did this because I thought that human-powered search, which we’ve since abandoned for video-based learning, would take a lot of capital and time to figure out. Mahalo last raised money in -- wait for it -- 2007. 1. The 10 Things Tech Company CEOs Should Know Right Now - CIO Central - CIO Network.

What A CEO Does (continued) Last week's MBA Mondays post on What A CEO Does was a huge hit.

What A CEO Does (continued)

Matt Blumberg, who is one of the finest CEOs I've had the pleasure of working with, wrote a follow-up post on the topic for his blog. I asked him if I could run it as a guest post here on MBA Mondays and he agreed. So, here's a bit more on What A CEO Does: What Does a CEO Do, Anyway? Fred has a great post up last week in his MBA Mondays series caled “What a CEO Does.“ His three things are set vision/strategy and communicate broadly, recruit/hire/retain top talent, and make sure there’s enough cash in the bank. N’engagez jamais un “Expert en Réseaux Sociaux” ! » Article » Blogging The News, par Damien Van Achter. Traduction libre du billet Never Hire a “Social Media Expert”, publié par Tim Baker sur son blog, repris par Kinesis Momentum Le “gourou des médias sociaux” est l’une de mes bêtes noires favorites.

N’engagez jamais un “Expert en Réseaux Sociaux” ! » Article » Blogging The News, par Damien Van Achter

Le genre de type qui passe sa journée à retweeter des articles de Mashable ou des billets de Chris Brogan et qui est convaincu que ses 40.000 followers font de lui un expert en marketing. Ces gens-là sont dangereux pour plusieurs raisons, la principale étant le tort qu’ils font à la notion même de “social media”. Car, aussi surprenant que cela puisse vous paraître, beaucoup d’entreprises n’ont pas encore saisi l’intérêt des réseaux sociaux. Que ce soit par peur de la perte de contrôle ou la conviction qu’il ne s’agit que d’une mode passagère, ceux qui détiennent les rennes (EDIT: les rênes, oeuf course … je me fais avoir à chaque fois.sorry) du pouvoir dans bon nombre d’entreprises n’ont pas encore osé franchir le pas de la conversation. 1. 2. 3. 4. 5. 6. 7. Photo: scion_cho sur Flickr.