> The company’s burn rate now stands at $404M.
After clicking the link the 404 number is clearly the total amount of money raised, not a burn rate:
https://www.investopedia.com/terms/b/burnrate.asp
I'm thinking don't take this article or writer seriously.
I used to use substack as a weak signal for quality, but still a signal. As of late, I've seen a bunch of substack articles by different authors posted here that don't pass the weakest of scrutiny. I don't know how you even make an error as simple as this.
The press release he linked to couldn't be more clear as to what the $404m number was in regards to. https://www.businesswire.com/news/home/20251103432446/en/Hip...
Another quote from the article:
> What’s worse, more than 80% of AI-guided calls, Hippocratic’s main product, come from a single client—likely another one of Munjal’s or Hemant’s buddies. The company’s burn rate now stands at $404M.
"likely another one of Munjal’s or Hemant’s buddies"? wtf, is it, or is it not? what kind of analysis is this?
Take it with a grain of salt but 404 [HTTP error code] is not the best number to raise money.
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