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Term of the Day

What is burn rate?

Post author By LOK Yek Soon
Post date February 7, 2020

<img width="1200" height="490" src="https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1-1200x490.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" srcset="https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1-1200x490.png 1200w, https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1-300x123.png 300w, https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1-1024x418.png 1024w, https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1-768x314.png 768w, https://ssii.sg/wp-content/uploads/2020/02/stock-price_burn-rate-1.png 1508w" sizes="(max-width: 1200px) 100vw, 1200px" />

Today, we are going to talk about burn rate. Your burn rate is the speed at which your cash balance is going down. For example, if you have $2M cash on 1st January, and now it is 1st October, and you have $1,250,000 left, your burn rate is $750,000/9, or around $83,333 per month. Understanding […]

Term of the Day

What is Product/Market Fit

Post author By LOK Yek Soon
Post date February 4, 2020

<img width="671" height="334" src="https://ssii.sg/wp-content/uploads/2020/02/productmarketfit.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Product/Market Fit" srcset="https://ssii.sg/wp-content/uploads/2020/02/productmarketfit.png 671w, https://ssii.sg/wp-content/uploads/2020/02/productmarketfit-300x149.png 300w" sizes="(max-width: 671px) 100vw, 671px" />

Product/Market Fit is a common concept in the startup world and one that SSII and our VC partners rigorously pitch to the startups we met. The term has been widely adopted by the startup industry especially when innovation is involved; specifically, when it revolves around successful high-growth companies, it has not caught on to the […]