Item — HN Reader

Do you currently report how much cash is in the bank and your corresponding runway to your employees?

It is hard to do at the best of times, particularly hard when things are tight to balance transparency with not wanting your team to start looking for new opportunities when things are getting close to the wire. Add to this different people have different perspectives on what is "close to the wire". For me it's 6 months, for many it's 12 months, for some it's less than 30 days.

1 comments

> Do you currently report how much cash is in the bank and your corresponding runway to your employees?

The startup I work for does, and other startups provide this level of transparency as well. It's not hard, unless you're incompetent at communication and finance (but you shouldn't, right? because you're a founder/co-founder/leadership who has peoples' financial lives in your hands, because this isn't a game for people who need to make rent/mortgage payments every month).

"We have X in the bank, this is our runway, we have this many more months to be profitable or raise another round."