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iterminate
on Oct 19, 2023
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Trucking startup Convoy closes operations with no ...
>1,000 employees means a burn rate in the hundreds of millions per year just on the costs of having employees, $260m burned in a year sounds about right for a company of that size.
zachthewf
on Oct 19, 2023
[–]
Burn is how much you lose, not how much you spend. If you have >1,000s of employees you presumably also have $100s of millions in revenue.
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