Cash in the Bank Changes Everything: Why a Financial Buffer Fuels Growth
Summary
Having cash reserves isn’t just about survival—it’s about seizing opportunities. Drew Sanocki shares how securing capital changed PostPilot’s risk appetite, investment strategy, and long-term vision.
Transcript
So you're playing this game of like, oh, can we bite off these hires or these investments this month, or do we have to wait, you know, another couple months or another couple quarters until we can attack that opportunity? When summit came in, you know, they immediately boom, drop a bunch of capital to the bank account and you just have a buffer.
Now, you can make those investments that you're holding holding out on, you know, because you didn't have enough cash in the bank that month and we could pay ourselves more. You know, it's just like on a personal level, like that appetite for risk, all of a sudden your time frame kind of goes from, what are the things I'm able to bite off this year?
I don't want to take too many bets because if I do, you know, I risk. On the downside, they don't work out and I burn cash. So now, okay, we can have like a longer term view, like we've got to build a sustainable big company here. There's a huge opportunity. And I'm not sweating it every night because we've got cash in the bank.
Not that we're burning now either, but it's just like nice to have a bigger cushion. And so that really changed my personal appetite for risk and my aspirations for what we could do with the company.