This guy followed the playbook of a VC-backed startup while being self-funded: no up-front customers, buying in advance of need, counting on growth, and holding fast when things looked grim. Death by YC overdose.
I hope his personal debt and credit aren’t too badly affected and that he has better luck his next go ‘round.
This guy followed the playbook of a VC-backed startup while being self-funded: no up-front customers, buying in advance of need, counting on growth, and holding fast when things looked grim. Death by YC overdose.
I hope his personal debt and credit aren’t too badly affected and that he has better luck his next go ‘round.
Local machine shops have been making this mistake for decades before YC showed up. :)