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Siren call for a VC Union? I'm only half-serious :) Under the circumstances, I'd have pulled out money while I could. Money in hand is better than a hope in he
by adityaathalye 4y ago
Siren call for a VC Union? I'm only half-serious :)
Under the circumstances, I'd have pulled out money while I could. Money in hand is better than a hope in hell.
But seriously, I wonder if it makes sense to have some common ground to greatly reduce odds of SVB-likes happening?
Dealing with this kind of emergency is all about communication. The final collapse happened frightfully quickly. There is no time to organise when the car pile-up has begun. You got to have groundwork in advance, and comms open too.
Maybe its too black of a black swan that you can't ever prevent. Maybe the competitive dynamics of the startup world do not lend support for a commons. Yet, maaaybe if you can see that your number one business partner's books have become crazy, someone should be able to say something, at the very least?