one of the areas where i readily admit a weakness when assessing a startup for a potential investment is capital efficiency. i do not spend enough time on that and do not have enough comparable data points to use when analyzing. sure, it is easy to figure out what a capital raise will produce in terms of milestones. but weighing how capital efficient a startup is or could be over a long period is tricky. it probably is very indicative too. for example, i am often suspicious of big rounds in early stages startups and of high burn rates without clear operational details to back such moves. thoughts welcomed. #vc #venturecapital #startupfunding #entrepreneur #entrepreneurship #startups #investing …see more