I'm thinking don't take this article or writer seriously.
wslh•3mo ago
Take it with a grain of salt but 404 [HTTP error code] is not the best number to raise money.
prodigycorp•3mo ago
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.
> 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?
almosthere•3mo ago
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.
wslh•3mo ago
prodigycorp•3mo ago
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?