How long does my "Runway" need to be?
POSTED BY Allenjkorenstein ON Thu, 03/10/2016 - 23:37

Hey Folks, 

Wishing you all the best as CBC, Philly approaches, hopefully we'll get to spend some time with you there.  Got a question for those of you who have had the pleasure of raising working capital in advance of having opened a brewery, how long was your runway? Recently, a shrewd friend/potential investor pointed out that we only had 3 months of working capital accounted for before running out of cash. He was like you need at least 18 months!!! I'm thinking 12 mos is more realistic, considering we are already slowly buy steadily building a revenue stream 6-9 mos before opening the doors. But we'd love to hear your thoughts, challenges, real life experiences as you dealt with this kind of scenario. Thank you.