I think it can be more subtle than that. In many cases, it's not particularly hard to get money if you have traction and a pathway to scale and profitability. W

I think it can be more subtle than that. In many cases, it's not particularly hard to get money if you have traction and a pathway to scale and profitability. What's actually hard, even with money (again almost a pointless technical truism) is to make something that people want. I've been in multiple situations, including my own past business where we've got the money to do something (anything) but can't seem to get traction in a way that will allow the money to be deployed usefully. So if we just keep paying salaries and spending it on stuff we don't expect to work, yeah it's possible to fail by running out, but I wouldn't call that the reason. It's actually kind of an embarrassing way to fail, which is why I expect it's more common to just say you ran out of money. Deploying money in a way that generates returns is way harder than getting it.