Hypothetically speaking, a startup gets some rounds of investment from VCs, operates for a few years, and run out of runway. What do these final months look like? Do the investors try to get their money back?
Hypothetically speaking, a startup gets some rounds of investment from VCs, operates for a few years, and run out of runway. What do these final months look like? Do the investors try to get their money back?
Small yet essential tip:
If you’re one of the last 5 left after 50 or 100 of your coworkers have been laid off, take the hint and move on. The company is circling the bowl. You will be left with nothing when they go under, as the execs cash out what’s left of the company and creditors take the rest. Even if the company is sold and the new company seems to take you on, usually the leftover people will be laid off once knowledge transfer is complete. Don’t think that you have any specialized knowledge that they can’t afford to let go…new execs generally don’t care about that, they only look at the bottom line. Someone cheaper can and will do your job.