Hardware / IoT · Series A
+5 mo runway extended.
Cut burn 34% and extended runway from 4 to 9 months to hit the milestones for the next raise.
−34%
Monthly burn
4→9 mo
Runway
$200K
Venture debt secured
0
Layoffs required
The challenge
Four months of runway, a climbing burn multiple, and a hardware bill of materials nobody had renegotiated. The next raise was a year of milestones away.
What I did
- Built a 13-week direct cash model the founder ran weekly
- Renegotiated supplier and contract-manufacturing terms
- Secured $200K of venture debt to bridge without dilution
- Paced the hiring plan against milestones, not optimism
Engagement · FractionalDuration · 6 months
We thought we were out of road. Dana found five months we didn’t know we had and kept the team intact. That bought us the milestones for the A.
Connected-hardware startup
Illustrative results for this template — representative, not a guarantee of future outcomes.