Jane Ruffino: Even the savviest, most seasoned investors admit their successes were also lucky gambles
Even the savviest, most seasoned investors admit their successes were also lucky gambles
In an interview with The Wall Street Journal last month, venture capitalist Bill Gurley outlined his worries about start-up burn rates, which he said were at 1999 levels of ridiculousness. Your burn rate is the amount of money it costs to keep your company running – often, but not always, minus whatever revenue you’re taking in. In other words, you are cash flow negative and someone is feeding you money, and the burn rate is...
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