A VC is only looking at time frames of 3-5 years, given the limitations of their business model. If you don't look poised to grow 5-10x within that time frame then it's not worth their time, given they could be throwing money at the next potentially huge company instead.
If you run out of time you might get turfed by your investors when they call in their convertible note, and they'll either aim to liquidate the place or put in someone they think can turn it around.
If you run out of money, it's likely you're screwed because you were encouraged to trade growth for profitability. By this point it's often obvious whether you've run out of time.
A VC is only looking at time frames of 3-5 years, given the limitations of their business model. If you don't look poised to grow 5-10x within that time frame then it's not worth their time, given they could be throwing money at the next potentially huge company instead.
If you run out of time you might get turfed by your investors when they call in their convertible note, and they'll either aim to liquidate the place or put in someone they think can turn it around.
If you run out of money, it's likely you're screwed because you were encouraged to trade growth for profitability. By this point it's often obvious whether you've run out of time.
Something like that.