Frugality, Ping-Pong Tables and Silicon Valley Startups
MAY 16, 2016
Suddenly, burn rates matter again. As last year progressed, he saw investors shifting away from month-over-month growth as the key benchmark they wanted to see from startups. When tech startup Appthority was looking for new office space early last year, Domingo Guerra suffered a bad case of sticker shock. Landlords were demanding steep terms. High rents. Large security deposits. Five-year commitments.