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A comment on Do you think overfunding can be a detriment to a startup?.
For me its hilarious how come some companies are able to burn 100M$ and not deliver anything.
Small surgical teams with strict money management will never burn such amount of money - so they survive and deliver the product.
IMO 90% of startups fail because of irresponsible money management and bad contracts(delayed payments, extreme penalties for being late etc.)
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For me its hilarious how come some companies are able to burn 100M$ and not deliver anything.
Small surgical teams with strict money management will never burn such amount of money - so they survive and deliver the product.
IMO 90% of startups fail because of irresponsible money management and bad contracts(delayed payments, extreme penalties for being late etc.)