SaaStr · 2015-10-26
· 3873d
How Quip Should Deploy Its $30M Series B Funding in 2015
Jason Lemkin analyzes Quip's $30M funding round in 2015, explaining that the capital represents adequate runway for a pre-revenue startup with high burn rate. He contextualizes the funding by noting that elite Bay Area teams comprising ex-Facebook and Google engineers can easily burn $800K+ monthly, making $30M a reasonable funding amount for 37-40 months of operations.
Metrics in this report
Funding Amount
30000000$
Series B
Quip in 2015
Monthly Burn Rate
800000$
minimum
Pre-revenue 'Fat' startups with elite engineers in 2015
Runway
37.5months
calculated
At $800K monthly burn with $30M funding
Team Size
20engineers
example
Plus small marketing team for typical 'Fat' startup