[mrnobody_67]

Company was burning $17m per month with less than $300m in revenue... while growing at a slower rate than ramp.com . simply unsustainable.

[eterm]

What am I not understanding about your comment, 300m is 25m per month, so that sounds very profitable?

[e1g]

They spend every cent of the revenue they made AND the extra $17m each month.

[kstrauser]

Ohhhh, I misunderstood that in the same way. $17 is the burn (i.e. the net loss), not the expenses.

[umeshunni]

Their spend is $42m per month

[chatmasta]

Is there some relevance in the comparison to ramp.com or were you just mentioning it as an example?

[dalyons]

its effectively their competitor

[chatmasta]

Oh right... for some reason I thought it was a crypto startup. Maybe that's another Ramp

[dalyons]

yeah, thats https://ramp.network/ . Also called Ramp. I made the same mistake previously.