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Re:What to do if your startup is running out of cash by DoreenMichele on Wednesday March 25, 2020 @11:06PM (#22690489)
It’s a huge struggle to stay motivated during a crisis, especially when your co-workers are leaving. And this goes for founders, too.

Some show on HGTV about crazy houses interviewed a guy with a crazy big house. He had stuff in his house like a private shooting range.

He said he had flown more than a hundred missions while in the Air Force and been shot at in all of them. He figured commercial real estate would be easier to deal with than that and he ended up making a killing, probably because he had nerves of steel compared to most people.

Right now is not a good time to do something like volunteer in a homeless shelter to get perspective, but you can read up on the problems of people who have it worse than you. Everyone is in a world of hurt right now.

Everyone.

Even rich and established people are scared and trying to sell off assets to cover cash flow needs.

Your burden isn't particularly bigger than that of anyone else during this crisis. If you don't show up and rise to the occasion, tomorrow is worse.

Humanity has survived other big crises, like World War II. This isn't the first time and it probably won't be the last.

I'm trying to be helpful. Recent years were much tougher for me than this is proving to be. I spent several years homeless, etc.

(insert encouraging words or grim humor here, whichever is your cup of tea)

Re:What to do if your startup is running out of cash by Legogris on Thursday March 26, 2020 @03:41AM (#22691388)
> Right now is not a good time to do something like volunteer in a homeless shelter to get perspective,

Maybe it's the right time because the need is certainly there. Not everything has to be done by egotistic motives.

Re:What to do if your startup is running out of cash by DoreenMichele on Thursday March 26, 2020 @05:11AM (#22691737)
Yes, the need is tremendous:

https://streetlifesolutions.blogspot.com/2020/03/covid-19-an...

But I'm not interested in being accused of promoting dangerous behavior. I already get enough ridiculous pushback.

Re:What to do if your startup is running out of cash by Legogris on Thursday March 26, 2020 @05:47AM (#22691961)
There's a difference between not promoting and dissuading.
Re:What to do if your startup is running out of cash by DoreenMichele on Thursday March 26, 2020 @10:12AM (#22693714)
For the record, I am neither trying to promote nor dissuade. I'm just trying to avoid stepping in a giant pile of doo doo at a time when nuance is lost on a lot of people, many of whom are understandably very upset and stressed out because the world has very suddenly gone to hell in a hand basket in their eyes.

Personally, I don't think it has gone to hell in a hand basket, but that's not a point of view that most people will welcome. I continue to struggle with how to express myself in the face of the current climate.

Re:What to do if your startup is running out of cash by lonelappde on Thursday March 26, 2020 @11:12AM (#22694291)
> Even rich and established people are scared and trying to sell off assets to cover cash flow

Having less vastly excess wealrg than before? That's a massive stretch for "world of hurt".

Re:What to do if your startup is running out of cash by DoreenMichele on Thursday March 26, 2020 @11:33AM (#22694540)
If you take someone who weighs 300 pounds and chop them in half to get them down to 150 pounds, you probably have killed them.

Millionaires and billionaires don't live in mansions because they are greedy pigs. They do so because they need security. You can't just go move into a local apartment building and live like a normal person. (Also: If everyone is downsizing, who do you sell your mansion to?)

Even with security, Kim Kardashian was held at gun point in her own apartment at one point.

In the news recently was the fact that a barrel of oil was selling for less than the price of an actual barrel. Oil wealth has been a big thing for a long time now. We may see quite a few people utterly ruined.

When the stock market crashed in 1929, some people who had just been wiped out in a single day elected to jump out the window rather than face the future.

Re:What to do if your startup is running out of cash by icedchai on Thursday March 26, 2020 @03:13PM (#22696838)
Due to inflation over the past 30 or 40 years, "millionaire" doesn't mean as much as it used to. I know several single digit millionaires living in regular apartments and homes. You wouldn't know most of these people are millionaires.
Re:What to do if your startup is running out of cash by nikanj on Sunday March 29, 2020 @12:48AM (#22716507)
In most cities, if you own that regular apartment, you are a millionaire