4 ms·
Lots of commenters are focusing on the high burn rate and missing the point of the article. If you have product market fit, high growth rates (20-30% MOM) and
by wooyi 12y ago
Lots of commenters are focusing on the high burn rate and missing the point of the article.
If you have product market fit, high growth rates (20-30% MOM) and a large market (>$1B), you can rationalize burning that much.
For the rest of us, normal people. It's back to business basics, which is spend less than you earn. That's all.
- danieltillett 12y agoThe problem is it is very easy to fool yourself that you have these things when you don't really. There is the slight problem of redemption rights that pop up when your investors work out you are just a normal business.