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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

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 383
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Roping in the Legal Eagles

InfoChachkie

Like most mature markets, the legal profession is highly segmented with respect to the services provided and markets served. If you are charged for every nanosecond you spend with your lawyer, consider finding one who is willing to “invest” more aggressively in your success. Do not do it. Repeat: do not act “rationally.”

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Why I F **g Hate Unicorns and the Culture They Breed

Both Sides of the Table

On average they have taken 9-11 years to reach this status and most of our investments have never gotten there. I was trying to tell a real story about grit and risk and determination and seeing the markets early but struggling to persuade others. That’s how markets go. Our firm has funded many of them. At least for now.