What’s the best way to manage your burn-rate?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Tightening Your Belt – AVC

When the business becomes profitable more quickly, when the cash runway extends by a year or more, when the budget is no longer stretched and new initiatives are now possible, the team understands the value of belt tightening and embraces it as much as the investors do. If you’ve been a growth spurt for the past few years and have not taken the time to do some belt tightening, it might be a good time to do that.