### Comment:
Yes that makes sense. Would it be possible to do for retail investors tho? On morningstar I can only see Financials for 2017/2018. Are two data points enough to estimate growth rates?

### REPLY:
The losses over the lifetime of the company amount to the cumulative amount they've raised so far minus whatever is left on their balance sheet. You could guess at a third or fourth past data point and extrapolate from there.

### END.