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I think this is another indication of how many startups are absolutely out of control in terms of finances. But does it matter? As long as the long stream of ca
by pearjuice 12y ago
I think this is another indication of how many startups are absolutely out of control in terms of finances. But does it matter? As long as the long stream of capital injections without meaningful profit to show up for doesn't stop, it doesn't matter in the slightest.
Looking at those SaaS companies which have employee burn rates way above their salaries and absolute cost, you can only conclude that they are overspending. And that's not something to be proud kf. It actually bothers me how burn rate is artificially increased (ex. redecorating the office periodically, A-office location) just to show how "fast" a startup is moving.
It is wrong on so many levels but as long as there are investors which keep pumping air into the bubble, we are safe, right!?