Runway
How many months of cash you have left at your current burn rate.
The number that quietly governs every decision — most founders raise to reach 18–24 months of it.
Hear it from people who've done it
Get the real-world version of "Runway" drawn from hundreds of conversations with founders and investors.
Ask the Network →Episodes on Fundraising
Investment Thesis with Kali Norman · 21 October 2026
Ian Gardiner's Investment Thesis | Investment Thesis with Kali Norman
ThincHer — You’re in Charge · 22 September 2026
Andrea Michaels: The Migrant Kid Who Became a Minister
Investment Thesis with Kali Norman · 18 September 2026
Mick Liubinskas' Investment Thesis
Burn rate
How much cash you lose each month. Net burn is spending minus revenue.
Default alive / default dead
Whether your current growth and burn get you to profitability before the cash runs out (alive) or not (dead).
Bridge round
A small raise to extend runway between two larger rounds — a bridge to the next milestone.
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