SSII | Shaping Startups, Inspiring Innovations
Following the 14th press conference held by the Municipal Epidemic Prevention and Control Leading Group (市疫情防控工作小组), the Shanghai Municipal Commission Of Economy and Information (上海市经济和信息化委员会) together with Shanghai’s various industrial economic and development zones have rolled out the 28 policies to help small and medium-sized enterprises overcome difficulties during the coronavirus crisis period. In order […]
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 […]
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 […]