Day: March 14, 2023
-
“we don’t build services to make money; we make money to build better services.”
One of the interesting, and to me surprising nuggets, in the information from Silicon Valley Bank just before the bank run was that “client cash burn has remained elevated and increased further in February”. Given the environment since Q1 2022 it is surprising that the aggregate cash burn for startups had not come down significantly…
Henrik Torstensson's Weblog 