When you get on a plane do you think they fuel it to run out exactly at the moment the plane stops at its final destination, and not a drop more? Don't you think that they reserve fuel for emergencies?
Why shouldn't a business consider itself at 0 operating dollars but still have a full account for healthcare or equivalent severance?
There is risk of not working for another twelve years, of being laid off, or the C-level getting paid out and no one else.
But a startup that raises a billion dollars and fails to set a cut-off that gets everyone out the door with their last paycheques is one that people will jump out of earlier.
>Planes prepare for basically 0 chance of failure.
NO, the entire point of plane safety is that you are prepared for the VAST MAJORITY OF FAILURES, through extensive planning, testing, regulations that force certain choices, redundancy, backups, etc.
Maybe companies should stop trying to play check kiting as SOP for business operation, and be willing to admit that they sucked at business, burned a billion dollars, and didn't even keep any of it to help any of the people who did the work survive for the next few months as they adjust.
You misunderstood my meaning. Planes prepare for, I guess what I'd call individual component type failures, so the flight as a whole doesn't fail. They do not accept a 1% chance of failure. The plane stays grounded and doesn't leave the gate.
Startups on the other hand, (normally) must accept some risk of failure in order to have any chance of success.
You are not “owed” X amount of pay after you lose your job. Maybe you will get it. Maybe you can negotiate it in your employment agreement. But getting paid your agreed rate for hours work isn’t “shafted”
