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Biotech firms proved to be just as good at consuming cash as dotcom start-ups, and with as little return.
In the meantime, it is consuming cash at a rapid rate and cut its revenue forecast on Tuesday.
At Founders Fund we avoid investing in companies unless they are consuming cash.
During the dismal fourth quarter, the company was consuming cash at a rate of $10 million a day.
Obviously, we'll be consuming cash in 2019 — that's why we raised a round to invest in new markets.
There is, in the future, a date at which these companies expect to stop consuming cash to operate.
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In other words, while Cytyc is generating plenty of excess cash, TriPath is consuming more cash than it is producing.
Promising as it may be, for now it is consuming more cash than the other business generates, and investors seem to give little value to it.
But put yourself in the seat of a disruptive startup that is building an entire small satellite in a few months: your company is consuming venture cash at a steady burn rate toward zero and you need to demonstrate your tech in space to get your next pile of cash.
That's not a lot for a company that has been consuming $120 million of cash a quarter this year.
The most recent data suggest that the pension plan for United's mechanics has been consuming the most cash in the last two years.
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