The Ledger

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Disclosure
Fein: Early-stage founders should raise 24 months of runway, not 18
“Yeah, I used to suggest 18, and now we say 24, and it's mainly just because of the uncertainty that's out there. With the economy right now, and it's just, you know, better safe than sorry. I think 24 is a safe number”
John Fein Oct 7, 2019 ▶ 25:23 20VC: The Ultimate Episode For Emerging Managers: How To Determine How Big A Fund To Raise, What Is The Right Closing Strategy With LPs & Why We Will Not See The Eradication of Pre-Seed with John Fein, Founder & Managing Partner @ Firebrand Ventures
Disclosure
Firebrand Ventures targets seed startups with $5K to $10K monthly revenue
“So where we play is we like to see some early bit of revenue. So we, even if it's five K a month, we like to see some potential early indicator of product market fit. Maybe there's something that could be here. And of course there's a lot more to it than that,…”
John Fein Oct 7, 2019 ▶ 21:33 20VC: The Ultimate Episode For Emerging Managers: How To Determine How Big A Fund To Raise, What Is The Right Closing Strategy With LPs & Why We Will Not See The Eradication of Pre-Seed with John Fein, Founder & Managing Partner @ Firebrand Ventures
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