GirlHacker's Random Log

almost daily since 1999

 

The new trend where VCs cut their losses by closing down start-ups that have plenty of money left in the bank is mightily unsettling. I’ve worked through plenty of low cash situations (some which I probably never heard the worst of thanks to level-headed top management), and can make educated decisions about whether I want to tolerate a shaky financial climate. But you need different gauges for determining if a company is stable when VCs are looking to pull out the plugs when you have plenty of payroll left.

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