No, they're just burning money from Spiral grants.

fiatjaf

agree. btcpayserver since they are focussed on payments. But are they generating any revenue?

starbuilder

bitcoin

Can someone name one lightning focussed startup (not bitcoin) that is not burning VC money?

i'd say btcpayserver

you'd say "that's not a 'lignting focused startup'"

i'd say sure... but what startup isn't burning money? and if you don't have a VC, then are you a startup? 

anyway, you're probably getting at an interesting point, but i'm not sure your question is framed in a way that can get you an answer that doesn't support your point. 