Also tends to be the time when some of the best decisions are made.
If your startup is out of money, it's usually a delusion to think you can avoid disaster by getting bought. But startups out of money often find ways to save themselves. So if you're out of money, it's usually better to make one last effort than waste time talking to acquirers.
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Survivorship bias. You survived to tell the tale.
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If your startup runs out of money usually means you spend too much on growth not enough on sustainability or getting revenue. Cos Revenue cures most illnesses.
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What it means is that you didn't get growth, whether you spent a lot on it or not.
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The sheer speed of scaling and growth that defines 'startups' was only made possible by the internet
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Case in point
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It's across spheres. You want a girlfriend, you want a job, you want someone to buy your startup 'dont look desperate'
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And to be "out of money" doesn't necessarily mean having exhausted all resources or value. It could mean insufficient cashflow, which then suggests the assets (including intangibles) can still have (high) market value--even in the existing combination.https://twitter.com/PerBylund/status/1217041388354916353?s=20 …
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hmm. disagree. acqui-hires are just that.
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