Fundraising bar is higher, but still possible Great Good Danger Zone Growth 3x 2.5x Under 2x Gross Margins 70% 50% Under 20% Net Dollar 140% 120% Under 100% Retention CAC Payback 6-12 months 12-18 months Over 24 months Burn Multiple 1 or less 1.0-1.5 Over 2

Craft Founder Chat: Operating in a Downturn - Page 23 Craft Founder Chat: Operating in a Downturn Page 22 Page 24