Yesterday I post one warning from Marc Andreessen read it here https://www.currencyfundgroup.com/2014/09/27/one-more-investor-sounds-the-alarm/
The alarm has sounded. A three-alarm fire, with alarms named Bill, Fred and Marc. Burn rates are too high, change course or risk the consequences.
A CEO might be forgiven for asking: “that advice might have been more helpful before I hired those extra hundred engineers, and leased the fancy SOMA exposed-brick office to house them in. Changing course on burn-rate now will be a lot harder than it would have been a year ago.”
To which I would say: suck it up and go run your business. The past is past, and the decision you need to be focused on as the CEO is: what should I do now? The board is not running your business, they merely advise you, and you are ultimately responsible for making the correct decisions.
The question remains: What should I do now?
http://www.joshhannah.com/2014/09/a-startup-ceos-guide-to-burn-rates-and-vaporization/
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