// Metrics
Burn Multiple
Net burn ÷ net new ARR. How many dollars burned to add one dollar of ARR. Coined by David Sacks.
In depth
Post-ZIRP benchmark: <1 great, 1–1.5 good, 1.5–2 acceptable, >2 investigate. Replaced growth-at-all-costs as the default efficiency metric for private SaaS boards.