Both Sides of the Table
SEPTEMBER 28, 2014
Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.
Startup Professionals Musings
OCTOBER 30, 2021
In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 3 billion users worldwide.
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Startup Professionals Musings
JANUARY 12, 2019
In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 2 billion users worldwide.
Both Sides of the Table
APRIL 5, 2010
In 2005 he was graduated and took a job in South Carolina working for technology company while he started his own web design company on the side. By 2005 I had moved back to the US and we started hiring US employees (The first two employees we hired had both grown up in India! I hope that didn’t have a stature of limitation!
Both Sides of the Table
OCTOBER 14, 2015
” It goes like this: What is your net burn rate? We have an entire generation of startup founders who don’t have muscle memory from getting their burn rates back into shape from 2008/09 or 2001-2005. And the truth is that I think this is just a harbinger of what we will see in the private markets very, very soon.
Startup Professionals Musings
AUGUST 6, 2013
In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has about 400 million users worldwide.
Startup Professionals Musings
DECEMBER 31, 2016
In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 2 billion users worldwide.
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