What to do if your startup is running out of cash

Re:What to do if your startup is running out of cash by digitaltrees on Thursday March 26, 2020 @12:11AM (#22690735)

Figure out break even. Cut costs until you’re there. Do it quickly and decisively and take the absolute best care of your team you can under the circumstances.

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Re:What to do if your startup is running out of cash by taneq on Thursday March 26, 2020 @02:14AM (#22691067)

Yes to break-even (this is the whole goal of 'ramen profitability') but also don't neglect finding new revenue sources. And that doesn't just mean 'hustle harder' - maybe you can find a side market, or do some consulting on the side, or something.

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Re:What to do if your startup is running out of cash by digitaltrees on Thursday March 26, 2020 @02:59AM (#22691230)

At a time like this, spinning up new revenue is a luxury that time does not afford. Get to a sustainable burn rate then grow from a new foundation.

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