The 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), unl

The 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.