Disagree. They want to maximize the number of portfolio companies that survive in an environment where a significant fraction will not. This is a message that t

Disagree. They want to maximize the number of portfolio companies that survive in an environment where a significant fraction will not. This is a message that the money faucet has turned off, and that there will be pain - a timely breakdown of the ongoing macro effects. Note how "raise more money" is at the very bottom of suggested actions (pg35). > Time to get your team's commitment for the path forward or... politely ask them to lighten the lifeboat That's a gem.