Why Growth at All Costs?
NOVEMBER 25, 2015
Gurley, a general partner at Benchmark Capital, has been one of the leading voices sounding caution about the overheated state of the tech startup market and the need to return to solid business fundamentals. But Daly is among those who believe the much-discussed “burn rate” of many companies is unsustainable. Companies have been willing to accept what they say are short-term losses with the stated goal of banking profits down the road.