Craft Ventures
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Craft Ventures

The Burn Multiple

How Startups Should Think About Capital Efficiency

As the economic crisis deepens, capital efficiency becomes a more pressing issue for startups. Not only is it necessary to maximize runway, it also plays a larger role in how investors evaluate companies. While growth is always prized during good times or bad, investors increasingly scrutinize burn and margins during downturns. Startups whose burn…




Craft Ventures is an early-stage fund dedicated to the craft of building great companies.

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David Sacks

David Sacks

General Partner and Co-Founder of Craft Ventures. Previously: Founder/CEO of Yammer. Original COO of PayPal.

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