On: The great VC pullback of 2022

[treis]

Because a 1% chance of turning the company around is better than a guaranteed slow bleed to insolvency.

[lumost → treis]

To add to this, growing headcount and fancy marketing can get the dumb money to re-up.

If you double customer acquisition costs through sales HC, you’ll probably get some new growth.

If you build a whole new team for a trendy thing, it might match some investor thesis.