Practice

Should we raise capital now?

Learn

A premortem imagines failure in six months: alternatives, assumptions, failure modes, dependencies, and second-order effects.

Case

They want to open a seed round in 60 days to ‘accelerate.’ Current runway: 9 months. Product still in early traction.

  • Partly reversible: fundraising time vs product focus.
  • Dependency: growth narrative not yet repeatable without the founder.

Think

Imagine this decision failed in six months. Why? List assumptions, failure modes, and alternatives.