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The dark money illuminati might have conspired with the SEC to modify the documents, therefor they are just papers from randoms and can't be trusted. This is th
by mike_d 4y ago
The dark money illuminati might have conspired with the SEC to modify the documents, therefor they are just papers from randoms and can't be trusted. This is the whole you dig yourself into when you start attacking sources rather than taking a step back and realizing you might be arguing on the wrong side of the facts.
The burn rate is the amount of cash the company is spending per month. It does get murky post revenue, but is generally understood to be the rate at which a company is spending - I understand it might be confusing to someone who hasn't been in the trenches of startups and investing so I'll give you a pass on that. Close to $600 million a month going out the door is stupid high compared to what they actually do. The executive leadership agrees with me and is cutting high costs.
- danielmarkbruce 4y agoThe SEC docs and the docs posted to a company's investor relations page always seem to match... so unless the company and it's auditors are in on it (rare), unlikely. An accounting class, it's worth it. Burn is practically synonymous with operating cashflow (at least when negative..) and is always inclusive of revenue, never inclusive of non-cash charges (like options/equity comp). Pointing out operating expenses as though it's burn suggests a lack of accounting basics. What's next? Google is burning $70 bill pa? Plus, loads of people on HN have either been involved in startups, or investing, or both. It's pretty silly to assume they haven't.