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

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
How Much To Burn While Building Product – AVC

The first stage is what I called “Building Product Stage” and I suggested that a burn rate of $50k/month was appropriate for that stage. I got a fair bit of pushback in the comments for that part of the post. My favorite push back came from The Kid, who said: 50k a month?!?!??! maybe it is such in venture world, but if you’re a broke ass fool bootstrapping his/her way, try 5k per founder a month until you have paying customers. if you’re hardcor… (read more)