Venture-backed startups live by the cash and die by the cash.
On occasion, you might run into a portfolio company that tries to downplay their current financial state. There's a big deal in the pipeline, or some cost savings coming, or a new feature's really going to kickstart revenue. That's all well and good, but money is the metric that cuts through that.
We already parse and import investor updates from your portfolio companies; you can also manually go in and add a new metric if you just got off a phone call, for example. Signed tracks a few different things: ARR, cash, burn, and now a runway. You'll see it in your company listing when you sign in, and also on the company sidebar.
We're now extracting those latest metrics from any update we have on a company and floating them up higher so you can see the import stuff right away. Signed also calculates a runway- a basic calculation of how much time the company has to live before the burn rate outweighs the cash on hand. This obviously can go up and down depending on costs, revenue, and financing rounds, and we'll keep adjusting the runway accordingly.
We'll also show an idea of where the company might be at today. In the image above, for example, you can see the green bar indicates the runway available when the investor update went out. But it's been a bit of time, so the today marker has moved closer to zero. The longer time passes without an update, the less accurate the runway calculation will be (and that's a great time for you to talk to your founder and get the low-down!)
Enjoy your burn!