Wow. Not sure even what to make of this. I think the real answer is who cares? If you have the right product and if you have the right backing then your burn should be the right number not to tap out the backing to get to what you (founders) and investor feel is the right place to cover your nut. If you need to burn money for a long time then you had better hope you backers are all in on the company. Either it is the right place to "burn" the money for the long haul or get out. I am on my 5th startup and have a had a hit or two to the point that I do not need to work. In the hits it was because the investors were in it for the long game, they believed in you and the idea and would do right to see it get there. The topic of burn never came up if you were doing the right thing for the successes of the company. In my experience, if the investors were focussed on the burn as anything more then "what number gets us there" then you were likely to fail.
