Running a small company is about keeping that company alive long enough to capitalize on its opportunities for success.
I don't know why you called his company a vanity company, but don't see that you have grounds for that.
If a company cannot sustain itself on revenue alone, and if fundraising is going to be difficult, it is absolutely the right choice (and kindest to everyone in the long run) to lay off those not critical to its survival. That does not mean that the choice is easy.
I don't know why you called his company a vanity company, but don't see that you have grounds for that.
If a company cannot sustain itself on revenue alone, and if fundraising is going to be difficult, it is absolutely the right choice (and kindest to everyone in the long run) to lay off those not critical to its survival. That does not mean that the choice is easy.