$50 million burn rate per month? Time to go public!

That president broke a cardinal rule of VC-backed startups -- never reveal your numbers. Although some do, admittedly.

But at that rate of burn, it's pretty surprising he got approval to disclose that. If I'm an LP -- looking at the #2 in the space -- and they're treading water against #1 while losing $50M a month -- I'd rather check out the #1 in the space.

Although Uber's burn rate is also quite high -- losing $1 billion dollars in China alone: http://money.cnn.com/2016/02/19/technology/uber-losing-1-bil...