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.