That probably sounded snarky, and I apologize. I guess my point was that these very simple things keep getting reinvented time and time again.
Awesome concept. It is absolutely worth writing about again and a great idea for a blog entry. I also agree that everybody with a startup who isn't break-even yet should be doing this. It's such a simple and trivial thing, yet so immensely powerful. Part of the problem with such simple and powerful advice, as I just demonstrated, is that people too easily discount it because it sounds facile.
You need to compute and track when you'll run out of cash, and how fast you're running out of cash.
You need to focus on doing stuff that makes you run out of cash more slowly, preferably negatively.
What gets measured, gets managed:
I've recently started to apply this explicitly to my email backlogs and my filing backlogs. Both are improving rapidly, and I'm looking to see what else needs to come on board. Maybe it will only last while it's novel, but it's working for now, I'll surf the wave.
-- Samuel Johnson
Of course it might be a little pointless since we're already out of money ...
It’s usually best to blank it completely (with a bar of solid color) or to add noise into the distortion.
It’s probably not very important in this case, considering his general openness, but I thought I’d bring it up just to remind people.
P.S. burnupcharts.com is still free...