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

12th October, 2014
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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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