• 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?