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Burn rate (2): stayin’ alive

Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. Most startups born in the bubble died in the bubble.

Steve Blank – Is the Lean Startup Dead?

If you can get your burn rate low enough you can stay in the game longer with a given amount of cash in the bank… which means you can try more things (more bites at the cherry, more “at bats”) and so have more opportunities – and therefore a greater chance – to find a model that works for your organisation.

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