Chong requires pre-revenue startups to have 10-12 months of runway
Bernard Chong · 16 - Inside Angel Investing: Strategies and Insights from Early-Stage Investor Bernard Chong · Jan 16, 2025 · at 16:02
Angel investor Bernard Chong discusses the financial metrics and runway requirements he evaluates when assessing pre-revenue early-stage startups.
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“So what I look for me is the runway. If the runway, at least it could run for at least 10 months or one year by itself without making anything, and then the MVP will be good. Sometimes I go to it because that's what it takes.”
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