Is "burn rate" a good excuse for shutting down a startup?
This week, startup Zirtual abruptly ceased operations and laid off 400 people via e-mail. CEO Maren Kate Donovan cited "burn" as the reason for the shut down -- the difference between what it was bringing in and what it was spending.
Startups should show how they're spending money, says entrepreneur - Aug. 13, 2015
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