You should begin a funding round when you still have enough runway to complete the next funding round and take into mind it always takes longer to raise money than you expect. Each round might take you anywhere between three months to more than nine months. Bear in mind that every startup and every round varies, and a successful raise cannot be guaranteed. Start raising money before you need it.
43 percent of businesses are temporarily closed, and businesses have – on average – reduced their employee counts by 40 percent relative to January. Many small businesses are financially fragile, the median business has more than $10,000 in monthly expenses and less than one month of cash on hand.
Digital transformation is an opportunity for businesses to pivot and exploit technology. Digital transformation is the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements. This reimagining of business in the digital age is digital transformation.