Exactly. Link-bait title. What the article shows you is how to compute the burn rate of your competitor. It proves nothing about revenue. Therefore, most VC-fu

Exactly. Link-bait title. What the article shows you is how to compute the burn rate of your competitor. It proves nothing about revenue. Therefore, most VC-funded companies can afford to have a high burn rate with no revenue [until they fail]. The math works if you assume your competitor is established and stable. But if you are entering the market, you'd like to know how you are impacting your competitor, and that method won't help at all.