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Work for a company that isn't actively running out of money. IMO the tipping point has been obviously visible for some time now - many VCs even openly admitted
by potatolicious 11y ago
Work for a company that isn't actively running out of money.
IMO the tipping point has been obviously visible for some time now - many VCs even openly admitted as such. The trick with doomsaying is that even if you can accurately predict doom, it's hard to predict when everything is going to explode.
So yeah, the peanut gallery like myself have been preaching this for a while, but honestly nobody could've predicted with any precision when it was going to happen.
As an employee though you can de-risk yourself by simply not playing in the first place - this is a problem that's largely isolated to high-valuation startups that don't seem to have a handle on profitability.
Profitable companies are doing fine, and will survive all of this without much pain.
If you're working for a company that has taken a substantial amount of funding, is as of yet not cashflow-positive, and doesn't have a long runway, I'd be a bit worried.