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Term of the Day

What is burn rate?

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 […]

Categories
Term of the Day

What is Product/Market Fit

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 […]