Too many people haven't lived through hard times. They think that rules exist and they know what the rules are. The other day I was describing to a friend who

Too many people haven't lived through hard times. They think that rules exist and they know what the rules are. The other day I was describing to a friend who has a company that will need funding in about 6 months, in a conversation where I was imploring him to cut his burn rate, about how things can go. In 2001, VCs actually pulled back investments from startups. People think that once cash is in the bank it's theirs.