Runway math founders get wrong

Gross vs net burn, deferred revenue and why your bank balance lies to you.

[Placeholder body — replace with the published article.] Gross vs net burn, deferred revenue and why your bank balance lies to you.

Section one states the problem a founder actually has, in their words, and names the one number or decision that matters. Keep paragraphs short; the reader is between meetings.

Section two shows the mechanics with a worked example from a Delaware C-Corp. Section three closes with what to do this week, and what Salt & Ledger does on the founder's behalf if they'd rather not.