Why venture-backed startups should have a bootstrapping mindset

It's easy for high-growth startups to burn through a lot of cash. You need to increase your burn rate to ramp up your growth, yet running out of cash is one of the main causes of startup failure. So, while it's tempting to go on a spending spree when you've raised venture capital funding, it's important to control your costs. And by monitoring your burn rate, you can calculate how long the cash will last and make sure you use it wisely. Here, venture capitalist Sagi Paz shares how "to minimize burn rate and create more value before your next round."

[Read the full article on medium.com]

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