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nebulousthree | 2 years ago
Why shouldn't a business consider itself at 0 operating dollars but still have a full account for healthcare or equivalent severance?
nebulousthree | 2 years ago
Why shouldn't a business consider itself at 0 operating dollars but still have a full account for healthcare or equivalent severance?
pxx|2 years ago
drjasonharrison|2 years ago
But a startup that raises a billion dollars and fails to set a cut-off that gets everyone out the door with their last paycheques is one that people will jump out of earlier.
camhart|2 years ago
Most startups fail. And everyone involved should know that going into it.
To operate a startup protecting against all risk will likely guarantee failure in almost all cases.
mrguyorama|2 years ago
NO, the entire point of plane safety is that you are prepared for the VAST MAJORITY OF FAILURES, through extensive planning, testing, regulations that force certain choices, redundancy, backups, etc.
Maybe companies should stop trying to play check kiting as SOP for business operation, and be willing to admit that they sucked at business, burned a billion dollars, and didn't even keep any of it to help any of the people who did the work survive for the next few months as they adjust.
brianwawok|2 years ago