Feld Thoughts

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Sayahh’s Financial Statements For August 2011

Feld Thoughts

Since SayAhh is in the pre-launch development stage, the company doesn’t have any revenue yet. This results in a gross margin of $0, where gross margin is revenue – cost of goods sold. The default Quickbooks setup uses “Income” to refer to “Revenue”.

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Unicorpse

Feld Thoughts

Venture capitalist Marc Andreessen warned in a tweetstorm that startups with high burn rates would “vaporize.” I once was on the board of a company that had generated lifetime revenue of $1.5m I’m encountering an increasing number of companies with burn rates in the stratosphere. Don’t feel bad for me.