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by bhouston
1178 days ago
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The reason why you are going to get decimated is the continue losses. You need to be brutal and stop the losses or you will be replaced by someone who will. This the core issue, and everything else is secondary. A ton of companies are in this situation where losses were normalized because we were in a bubbly VC environment and now we are in a brutal one. So figure out how to be profitable in the near term. It may be quite radical and hard to make these decisions, but this is basically where a lot of companies are. The ones that can be profitable and self-sustaining in the near term, even if you become a lot smaller, are the ones that will make it. |
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