Because nothing here seems out of the norm for startups. Most of them are sketchy strategically, just that some figure it out before running out of runway.
Not my first startup experience. But definitely my first "typical blowup". The last startup I worked at the founders were probably too conservative, we never got past 5 employees and when the company folded there were six figures in cash still in the bank.
Just because it’s normal doesn’t make it right. Shouldn’t the frequency of layoffs seen in recent history be an indicator that it’s time for a change in how tech businesses do business?