Berkonomics
OCTOBER 5, 2023
Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. So, the company turned the ship, slowly it seemed, as R&D worked to develop an appropriate product using the base of the original design. The financial pain of unplanned delays. …and
David Teten
NOVEMBER 26, 2019
Sean Colrock, Director of Client Partnerships at Wiss & Company , suggests at a minimum you track: cash on hand; fume date; and burn rate. Peter Nesbitt, VP of Finance at Teampay , said, “Forecasting is exceptionally challenging in practice, especially as end users drive an era of distributed spending.
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Mucker Lab
MAY 28, 2020
Until you have product-market fit, hire builders: engineers, designers, and growth and product people. Do you have enough work for a fulltime visual designer or can you get by with a contractor? If you burn all your cash on the wrong people, it’s game over. More and more investors have begun to shun high burn rates.
The Next Web
DECEMBER 2, 2013
We interviewed the heads of the top Web and mobile development companies, incubators, agencies and labs to understand what it takes to design and develop the most successful apps of our generation. If you asked me to build Facebook.com for you, I would quote you $500,000 and nine months of development and design time,” says Schippers.
Berkonomics
AUGUST 10, 2017
Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. So the company turned the ship, slowly it seemed, as R&D worked to develop an appropriate product using the base of the original design. Time slipped; fixed overhead continued.
Both Sides of the Table
FEBRUARY 25, 2019
Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. What are the kinds of difficult tasks that need to be solved by boards?
Both Sides of the Table
JULY 13, 2013
I got a job at a bank, and I worked in their corporate finance group. We had a finance group for all of the bank branches based in San Diego, and I wrote programs to download stuff from the mainframe so we could do analysis three days faster than they could send us the data. Comp sci in the 80s was terrible. It was all technical.
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