Finance for Biotech and Hardware Startups
Written by Harry Prabandham
Curated by Rubric Financial
Last updated
1 / 5
Milestone-Based Funding
- Capital arrives in tranches tied to technical or clinical milestones, so your plan must map spend to the next value-inflection point.
- Define each milestone as an objective, verifiable event, because ambiguous gates create disputes and delay tranche releases.
- Budget runway to reach the milestone that most raises valuation, not merely to survive the next twelve months of operations.
- Model the downside where a milestone slips, and hold reserve capital so a delay does not force a raise from a weak position.
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About the author
Harry PrabandhamFounder & CEO
Founder and CEO of StartupCFO. MBA from Wharton, MS in Computer Science, and decades of experience building and advising venture-backed startups.
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