Re:Ask HN: Why did your startup fail and what did you learn?
by UzhasKakoi on Tuesday September 18, 2018 @08:57AM
(#18014850)
There is one and one only reason why companies go out of business: they run out of cash.
Many a situation may lead to this, but lack of cash is the reason. When Leaman Brothers when under, the company had half-a-trillion dollars in assets but it could not convert these assets fast enough into cash to continue its operations.
Many a situation may lead to this, but lack of cash is the reason. When Leaman Brothers when under, the company had half-a-trillion dollars in assets but it could not convert these assets fast enough into cash to continue its operations.