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Two months ago I talked to a founder whose startup had been hurt by Covid and was in the fatal pinch (http://paulgraham.com/pinch.html ). But she sought out new sources of revenue and saved the company. Now she says "Things are looking up and we should have a strong year!"
At least half the danger of the fatal pinch is the way it sneaks up on you. You don't see how much trouble you're in till it's too late. So if your startup isn't profitable yet and you expect investors to save you, it would be worth at least asking if you're in the fatal pinch.
We had a similar situation; when COVID hit we knew the tabletop gaming market would take a massive hit. But we saw it coming. We loc'd financing on terms that would actually improve if our business began to die. That financing saved our ass and we came roaring out of the dip.
Your fatal pinch essay shows that what's good enough today is likely to be mediocre tomorrow, and what's mediocre today is likely to be non-viable tomorrow.
Resisting the fatal pinch requires resisting many habits taught in our pasts. Think of all the subliminal messages that condone mediocrity as an acceptable compromise.
...we had been pushing ondemand fashion delivery which after 18m kicked off as retail closed up 
so we had to pivot and found an equal big B2B market we didn't know was there.
Always great & mindful content.
When I asked my son what plan B was he said the only plan is plan A succeed.
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