CEO’s Guide to Burn Rates and Vaporization

Yesterday I post one warning from Marc Andreessen  read it here http://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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