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Burn Rate
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The burn rate represents the speed at which an unprofitable company consumes its cash reserves. In the case of a startup company, it is the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations. Thus, it is a measure of negative cash flow. ... How [Elon Musk] thinks about the relationship between [Time] and [Money]: “Elon would always be at work on Sunday, and we had some chats where he laid out his [Philosophy],” said Kevin Brogan, an early [SpaceX] employee. “He would say that everything we did was a function of our burn rate and that we were burning through a hundred thousand dollars per day. ... He would place this urgency that he expected the revenue in ten years to be ten million dollars a day and that every day we were slower to achieve our goals was a day of missing out on that money.”
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