When Benchmark Capital's Bill Gurley first expressed his concerns about "burn rate," the rate at which companies burn through his venture capital, startups started wondering whether they were setting money aflame too fast.

After checking up on their brood last month, some of the tech industry's most prominent investors scolded startups about burning through their venture capital allowance. But dad's new rule about spending wisely has not reached founders themselves, reports the Wall Street Journal.

When you scoop up some venture capital money, the first thing you should do is rent out a mansion in one of the wealthiest neighborhoods in Silicon Valley. Don't worry: after you move into Downton Valley, your investor will cheer you on!