RE: Someone got bills to pay26 Feb 2025 10:01
A fund raise would not be unexpected. Cash at 30 june 24 £238k. Cash p&l items in 23 accounts around £700k. Biggest items are r&d,salaries and professional fees. We know salaries aren't going down. The question is how much additional spend on advisors and r&d. The company could well be running on fumes by now... royalties expected July 25 ($250k) September 25 $250k. Even if these royalty payments keep the lights on another 6m a fund raise feels inevitable. Part and parcel of investing in a startup