> they could not avoid it despite their best efforts I think we're making the same point, but I don't disagree. I think this is what I'm getting at. A CEO who

> they could not avoid it despite their best efforts I think we're making the same point, but I don't disagree. I think this is what I'm getting at. A CEO who cannot raise and is at 5 months of cash left has a) effectively gotten a vote of no confidence from their existing investor base, or b) they are not asking because then they are delaying the inevitable and eventually impossible to ignore conclusion a). Not being able to avoid low cashflow despite your best efforts is a failing on the CEO's role. The CEO is the last line of defense in terms of responsibility, and fundraising is supposed to be one of their core competencies and responsibilities. It's why the job is not for everyone.