5 ms·

Company was burning $17m per month with less than $300m in revenue... while growing at a slower rate than ramp.com . simply unsustainable.

• eterm 3y ago
  What am I not understanding about your comment, 300m is 25m per month, so that sounds very profitable?
  • e1g 3y ago
    They spend every cent of the revenue they made AND the extra $17m each month.
    • kstrauser 3y ago
      Ohhhh, I misunderstood that in the same way. $17 is the burn (i.e. the net loss), not the expenses.
  • deleted 3y ago
    [deleted]
  • umeshunni 3y ago
    Their spend is $42m per month
• chatmasta 3y ago
  Is there some relevance in the comparison to ramp.com or were you just mentioning it as an example?
  • dalyons 3y ago
    its effectively their competitor
    • chatmasta 3y ago
      Oh right... for some reason I thought it was a crypto startup. Maybe that's another Ramp
      • dalyons 3y ago
        yeah, thats https://ramp.network/ https://ramp.network/ . Also called Ramp. I made the same mistake previously.