The economy _is_ to blame if your business strategy is to burn VC money at a faster and faster rate, which is the goal of most billion dollar growth stage start

The economy _is_ to blame if your business strategy is to burn VC money at a faster and faster rate, which is the goal of most billion dollar growth stage startups. I know HN likes to rip on these types of businesses, but that is literally the strategy. You can not like it, but blaming it on incompetence is foolish. When the economy turns you have to adjust that strategy, which is what they are doing now.