Re:Startups are pummeled in the ‘great unwinding’
by vkou on Sunday April 05, 2020 @08:19AM
(#22785228)
A startup, by definition, is a business that hasn't yet figured out how to turn $1 into $1.01 in the best of times, and relies on investment money to fund its operations.
They are in no way shape or form better suited to weather an economic collapse than a traditional business. Traditional businesses know how to turn $1 into $1.01.
They are in no way shape or form better suited to weather an economic collapse than a traditional business. Traditional businesses know how to turn $1 into $1.01.