Runway-to-Milestone
Whether current cash lasts long enough to reach the next value-creating milestone.
More nuanced than raw runway, this measures whether you can fund the journey to the next inflection point (e.g. product launch, revenue target) that justifies a higher valuation. Raising enough to reach a meaningful milestone is key to a successful next round.
Examples
A startup raises to fund 14 months — enough to reach £50k MRR. — Founders map milestones against runway before raising.
How it relates to The Startup Foundry
The Foundry helps you define and reach the milestones that make you investable for the next round.