The problem is that the valley culture wants it both ways. It is a largely libertarian, rules-breaking environment. They want to ignore laws and decry regulatio

The problem is that the valley culture wants it both ways. It is a largely libertarian, rules-breaking environment. They want to ignore laws and decry regulations while at the same time having the government step in and bail them out whenever anything goes against them. I, too, have worked for startups much of my life. Sometimes you show up for work one day and the doors are locked because the place is done. It is part of the deal. There are lots of reasons this can occur - hey, we just couldn't close another round, the economy hit a speed bump, etc. 2008 happened. Worldcom and Cable and Wireless just declared bankruptcy and they were our lead customers. etc. It is part of the startup cycle. If something like this this had managed to kill AirBnb, Uber and Lyft before they did the damage they did, the world would be better off.