Yes, terrible idea. I wouldn’t back a startup under those conditions. And what if there are multiple investors? Now you have to be schmoozing them up all the time. As an investor you make a bet on a team to execute. If you’re not comfortable making that kind of bet then maybe you shouldnt be backing a team that you only trust with one month of runway. I can tell you, that you’d be the last investor that an entrepreneur would go to for funding — which would mean that you get the worst deals.
