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Module 03 · The board deck~90s dwell · weight 11

KPI dashboard (revenue, growth, burn, runway, cash)

Show the 5-6 numbers that define company health, trended over time, against plan.

This is the slide directors study line by line, often re-reading it during the meeting itself. Bill Gurley's runway writing treats cash and runway as the two numbers that deserve the most scrutiny.

Include
  • Revenue (ARR/MRR), growth rate, burn, cash balance, runway in months
  • Trend over the last 4-6 quarters, not just this quarter's snapshot
  • Actual vs. plan for each metric, not actual alone
Cut
  • Vanity metrics with no link to revenue or runway (signups, downloads, press mentions)
  • More than 6-7 metrics; a dashboard that needs its own legend has failed
Red flags a reader notices
  • Runway is stated in dollars, not months
  • Burn is shown but cash-out date is never stated explicitly
Pitfalls behind them
  • Showing MRR growth rate but not absolute burn, which hides how many months are left
  • Changing which metrics appear each quarter so trends can't be tracked
60-second self-test
  • · Can a director calculate the cash-out month from this slide alone?
  • · Is every number here also traceable to the P&L slide, exactly?
Template
[Metric]: [value] ([+/-X]% vs. plan) , trend over last N quarters
Weak

"Our metrics are looking great with strong growth and healthy engagement across the platform."

Strong

"ARR: $196K (+38% MoM). Burn: $312K/mo (plan: $280K). Cash: $1.87M. Runway: 6 months, cash-out Aug 2026. 41% of active users engage via Slack integration weekly."

Nimbus states runway as a month, not a range, which is what lets the board react in this meeting instead of the next one.

Quick quiz

1. Which unit should runway be reported in?
  • Dollars remaining
  • Months to cash-out, ideally with a named month
  • Percent of budget spent
  • Number of employees

Gurley's argument: months and a calendar date force a decision timeline, dollars alone do not.

2. Why cap the dashboard at 6-7 metrics?
  • Slides can't fit more text
  • Beyond that, no single metric gets enough attention to drive a decision
  • Investors dislike numbers
  • It's a legal requirement

A dashboard with 15 metrics is a spreadsheet, not a signal.

Sources