Reflecting on it after some money saved (and some money stuck), I feel that hope is never a good survival option for a startup.
This was such a specific situation with a small, extremely well connected community of founders, hard wired to act super fast. And all the money at play was more than just bank accounts. It was the blood and lifeline for their startups, dreams, or life projects.
Truly a sad story for a great institution.
Reflecting on it after some money saved (and some money stuck), I feel that hope is never a good survival option for a startup.
This was such a specific situation with a small, extremely well connected community of founders, hard wired to act super fast. And all the money at play was more than just bank accounts. It was the blood and lifeline for their startups, dreams, or life projects.
Yes. So moving fast was also the only option when the first domino fell.
Let me know if I can help you on anything. Happy to walk through stuff if you need a sounding board or friend!