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A comment on Startups are pummeled in the ‘great unwinding’. Parent comment

Re:Startups are pummeled in the ‘great unwinding’ by bdcravens on Saturday April 04, 2020 @06:12PM (#22781970)
Founders aren't dumb. They need to survive through the war of attrition, and they will find ways to extend that runway. It's naive to believe it will be business as usual just because you're used to "zero revenue".

If future rounds aren't coming (guess what, in this economy, they aren't), you extend runway by cutting expenses. Anyone with a career older than ten years knows how this will go.

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Re:Startups are pummeled in the ‘great unwinding’ by foobiekr on Sunday April 05, 2020 @02:06AM (#22784054)
I agree with your last sentence, but...

You don't have to be dumb to be inexperienced. An awful lot of startup founders are young and were propagandized endlessly about being entrepreneurs, etc. Downside risk is an alien concept to many of them. Many of them do not actually know how to cut expenses because they've never known a time when the now-no-longer current fluffy, cushy environment wasn't standard.

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