I'm glad YC is starting to publish operational advice like this rather than having it fly by in HN discussions: http://www.themacro.com/articles/2016/01/advice-startups-running-out-of-money/ …
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If you miss payroll some of your employees will probably miss rent, have to withdraw children from school, or be forced to break obligations
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Is that poor financial management on their part? Yes. Are you still responsible? Yes. You at one point had the resources and savvy, not them
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