You must have heard how it was said, “no matter what happens at your startup, never run out of money” but is this really true?
Startups can run out money for factors beyond their control but the one’s that survive have teams that are competent and well constituted, with the right attitude to rally together and provide solutions to difficult cash flow situations.
When Hotels.ng ran out of money, Mark had to rally together the resourceful people on his startup team and together they solved their cash flow issues.
At the core of a startup it’s important to have people with right risk appetite because one day despite your best efforts you might just run out of money and then be rest assured that your team will find a way to turn things around for good.
http://techcabal.com/2015/11/18/failing-forward-what-startups-can-learn-from-running-out-of-money/