SaaS
How should we handle idle cash after the seed round?
So we raised a $4M seed six months ago and right now most of it is sitting in Chase not earning anything. Our CFO flagged it but we keep deprioritizing it for obvious reasons. At our burn rate we have about 18 months of runway and the difference between 0% and 4%+ on $3M is real money. That's 120K beautiful American dollars a year we're basically leaving on the table while we argue about which sales tool to buy next! I wanna hear from other seed and Series A companies and what youre doing w...
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