Extending the Runway is a must-read book for every C-level executive, active angel and venture capitalist who now or has ever managed a fragile, growing young business.
Authored by Dave Berkus, a seasoned entrepreneur and investor acknowledged as ÒDirector of the YearÓ for early stage businesses by the Forum for Corporate Directors, this book provides thoughtful material to help management and investors gain alignment at the board level upon issues of limited resource allocation toward and beyond breakeven. The book provides tips and describes traps for growing companies, and explores insights into managing for preservation of capital and business growth.
Berkus delves into issues revolving around optimal use of resources such as time, money, relationships, context knowledge and process understanding. He tells real stories of young businesses whose management fell into traps which could have been avoided, and how some extended their runways to make more efficient use of invested funds.