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Funny how today burning through that amount is entirely ordinary and expected for most startups working on much more trivial problems. Just the other day it wa
by pavlov 3y ago
Funny how today burning through that amount is entirely ordinary and expected for most startups working on much more trivial problems.
Just the other day it was reported that Brex, an expense management SaaS, has a $17M / month burn rate. That’s almost $60M in one quarter.
- raverbashing 3y ago"Expected" I think people are just going happy-go-click-click in AWS panel and not auditing it correctly (And if AWS would release aws left-pad I'm sure some people would pay for it)
- pavlov 3y agoWhen a technically rather mundane SaaS is losing $17 million cash every month, the AWS bill is probably a rounding error. It’s salaries and marketing.
- mananaysiempre 3y agoNot that it undermines your point much, but $60M (1990 resp. 1985) = $140M resp. $170M today. (I’m not good enough at this to correct for the interest rate differences as well.)