- What technical milestones will this financing help achieve?
- What are your future milestones, and how much capital will you need to achieve each?
- What is the company status and burn rate at each of these milestones?
- What are your contingency plans if things don’t go well?
- Is the amount for which you’re looking in line with the risk-removal milestones you have outlined?
- What is your total and operating cash burn (the amount you’re spending) per month, in case months stretch into years?
- What happens to your financial needs if technology or market development slips or costs are too high?
- How far are you from being cash flow positive, in terms of both time and money?
- How many future rounds of financing do you project?
- What would make your company run out of cash, and what does the worst-case scenario look like in terms of cash flow?