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Corrections

When we find a fact on a published page that was wrong, out of date or stated more firmly than its source allows, we fix the page and record the change here.

  1. How to extend runway

    Added a caveat to the advice on undrawn venture debt. Filed loan agreements make each draw depend on the lender's view of a material adverse change, and later tranches on the lender's approval, so a line can close in the month it is needed.

  2. Treasury management software

    Noted that Brex is now a subsidiary of Capital One, N.A., as Brex's own pricing page states. The comparison table had listed Brex Treasury LLC without the change of ownership.

  3. Runway calculator

    Removed the claim that bridge rounds take about six months to close from the calculator's verdict. We could not find a source for it.