ARR is growing, but cash is lagging. Your real runway isn't what it looks like on paper.
Churn is eroding your valuation, and you don't have the cohort data to do anything about it.
Your metrics dashboard was built for internal use, not investor due diligence.
Revenue recognition is inconsistent and your auditor is starting to notice.
Your finance stack works at 15 people. It breaks at 40.
