Maker Faire halts operations and lays off all staff

Re:Maker Faire halts operations and lays off all staff by bubblewrap on Saturday June 08, 2019 @03:53AM (#20131189)

I don't completely understand the logic. After all, if they shut down, the VCs won't get anything, either. So why not keep it running and reap at least little rewards.

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Re:Maker Faire halts operations and lays off all staff by paxys on Sunday June 09, 2019 @02:14AM (#20137489)

Once you take the funding, you have to spend it all on expanding operations, new staff, marketing, promotions etc. If you then can't generate a profit, unless you raise more rounds the increased expenses are going to kill your business. So in this case the VCs cut their losses instead of giving them more money.

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Re:Maker Faire halts operations and lays off all staff by stickupkid on Saturday June 08, 2019 @07:24AM (#20131833)

Alternatively you should also cut your losses early.

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