ITNorthWest Voice

This is a blog for all the technology entrepreneurs based in the North West of Ireland - musings about our business, companies, interests, trends and any other random thing that hits us.

Friday, July 15, 2005

The Post Money Value: Banned Words: Burn Rate

The Post Money Value: Banned Words: Burn Rate: "For true Start-Ups/Pre-Revenue companies, my tips: * If you get asked that question, respond we don’t have a burn rate. Pause for the knee jerk snarky comments and reactions. Then simply reply here is our capital investment schedule. Bring somebody else to your meeting to watch the VC body language. You’ll know more from this interchange then all the Colin Powell hires on the planet. * Put investment schedule into your presentations and lexicon. Change the rules on how the conversation happens."


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