I went through a near-failure experience with my startup at the end of 2017 and wrote about how we just barely got out of it. Sharing in case it helps someone g

I went through a near-failure experience with my startup at the end of 2017 and wrote about how we just barely got out of it. Sharing in case it helps someone given the current climate [1] The advice in this article is pretty good. Pinning hopes on the next funding round or putting half measures in place like a 10% layoff when you really need a 50% layoff isn't a sound strategy. My main takeaway from my own experience is that I should have made the hard calls much sooner. 100% transparency with the existing team is also important. If they don't understand why a tough decision is being made, they're less likely to stick around. -- https://tettra.com/blog/navigating-the-depths-of-near-failure-to-profitability-an-introduction/ https://tettra.com/blog/navigating-the-depths-of-near-failur...