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

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Burn Rates: How Much? – AVC

Building The Business Stage – This is when you’ve determined that your product market fit has been obtained and you now want to build a business around the product or service. You start to hire a management team, a revenue focused team, and some finance people. This is the time when you are investing in the team that will help you bring in revenues and eventually profits. I would recommend keeping the burn below $250k per month at this stage.