A heartbreaking story about time and money.
Berkonomics
OCTOBER 5, 2023
Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Growth before the VC arrived was not a problem. Since the company slipped in its R&D schedule, the partners of the VC firm voted to not add new money to the company for the project.
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