Gokul Rajaram(@gokulr):ARR growth in isolation without looking at the burn is basically irrelevant. It means that the company might be entirely dependent on continually tapping capital markets for survival. Now in rare cases, that’s perfectly fine, but for most companies, that are not 1 => 50 in a year growers, they need to operate and grow efficiently, such that they don’t die when the markets turn.

2026.09.25 14:08

ARR growth in isolation without looking at the burn is basically irrelevant. It means that the company might be entirely dependent on continually tapping capital markets for survival. Now in rare cases, that’s perfectly fine, but for most companies, that are not 1 => 50 in a year growers, they need to operate and grow efficiently, such that they don’t die when the markets turn.