How do founders actually pick a raise number without guessing?

Most founders pick a raise number from a peer round. That is a guess.

How I have seen it work:

1. Write last month's net burn

2. Decide how many months you want after close, usually 18

3. Add 3 to 6 months for the raise itself

4. That is the ask. Round last, not first

Round Funded turns burn and runway into that number so the ask is math, not a peer screenshot.

https://www.roundfunded.com/en/t...