Since taking on fractional CFO responsibilities in addition to my fractional COO work β I have gotten a front row seat of the state of startup. Meaning I now have clear visibility into many startupsβ cash burn rates, financial projections and bank accounts. Over the summer I have been very vocal about that the state of startup finances on various voice platforms. There is a vast number of early stage companies running out of cash fast. So when this came through my LinkedIn feed today β I was not surprised.
