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.
He's right though. Running out of money does cause quite a lot of founders to get their act together. And I'm saying that based on a large data set of startups that both failed and succeeded.
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Sun Tzu asks a smart commander to put his soldiers in situations where they have no choice but to fight hard to win (no safe option) & modern day Sun Tzu
@elonmusk keeps$TSLA in dynamic but precarious edge. Key is to gamble on small battles but ensure bigger victory.@ray4teslaThanks. Twitter will use this to make your timeline better. UndoUndo
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