[nihaar]

> Our burn rate was closer to $22k per month.

Seems like this should have been mistake #1. That is an awfully high burn rate for a startup still trying to find product market fit.

[dtien]

I interpreted that as them including their salaries, and not actual on-going server, marketing, advertising costs, etc.

[dboreham]

And that would be an incorrect way to compute burn rate. Should include all outgoing cash regardless of the purpose.

[batmansmk]

I was surprised as well. But he is talking about Australian dollars, not American ones. which makes it around $17k US. That makes $6k/month a head, plus office cost (bank fees, ads, furniture etc).

[mgkimsal]

Thanks for the clarification. It's still on the high side, imo, but depending on where you live, it may be sort of a low-end floor. I would think that many people would just forgo taking money out for the first several months, but perhaps there were more than just the 2 original folks? I couldn't tell from the article.