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Posted by Dharmesh Shah on Wed, Jan 27, 2010
Though it's easy to get caught up in Apple's new tablet announcement, let's not forget the original idea that sparked the whole thing. It's the iRock -- it transformed how people chiseled.
Posted by Dharmesh Shah on Fri, Sep 18, 2009
Posted by Dharmesh Shah on Mon, Aug 10, 2009
I’m going to go on a bit of a rant here.
I’m miffed that the industry term for the process whereby startups invest
in building their businesses is called “burning cash”. If your startup is
burning cash (as shown in the cartoon above), you’re doing it wrong. You
should’t be burning money, you should be investing money —
with the goal of growing your business.
I find it interesting that when venture capitalists (VCs) take money from
their limited partners (LPs), they don’t say: Hey, we’re going to take your
money and go burn it on a bunch of different startups. Why? Because
that’s not what they do (not the good ones anyways). What they do is
invest the cash in the hopes of generating a good return.
So, I’m going to ask that all startups that have raised funding to no longer
use the term “burn rate”. Instead, lets call it what it is (or should be): An
investment rate. As in "our startup has an investment rate of about $400k/month".
Oh, and if you really are burning cash, please start using smaller bills.
Posted by Dharmesh Shah on Fri, Jul 10, 2009
Did you like the cartoon? Tweet it to your friends.
Posted by Dharmesh Shah on Thu, May 28, 2009
Did this tickle your funny bone? Please tweet it.
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