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A practical capital strategy can be summarized on one page.
Current Position
- Technology stage
- Commercial stage
- Regulatory stage
- Revenue
- Runway
- Existing funding
Next Value-Creating Milestone
- What needs to happen next?
- What risk will it reduce?
- What evidence will it create?
Capital Requirement
- Amount
- Timing
- Eligible project costs
- Working capital
- Internal contribution
Potential Capital Routes
- Primary route
- Secondary route
- Backup route
- Sources that may become appropriate later
Then identify the fundability gaps preventing the company from accessing those routes today.
That gives founders a much more useful basis for capital planning over the next 12 to 24 months.
