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Almost any startup will have periods where there will be "substantial doubt about our ability to continue as a going concern" if they are "unable to obtain suff
by vidarh 3y ago
Almost any startup will have periods where there will be "substantial doubt about our ability to continue as a going concern" if they are "unable to obtain sufficient additional funding". This is meaningless when looking at a startup without also looking at whether their burn rate is abnormal relative to how much they raised, and whether or not they're meeting their targets.