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I never understood this one: "Someone running a startup is always calculating in the back of their mind how much "runway" they have—how long they have till the
by kika 18y ago
I never understood this one:
"Someone running a startup is always calculating in the back of their mind how much "runway" they have—how long they have till the money in the bank runs out and they either have to be profitable, raise more money, or go out of business."
Why go out of business? Okay, you're out of money and you're not profitable yet. Let people go and return back to square one. Two founders in the garage, but now you have a codebase, a beta version probably, a website and some connections in the industry. Yeah, tough times, but when I see people going out of business in such situation I always think that they were there for a VC-backed salary and some fun.