Default Alive or Default Dead

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The speaker explores the concept of default alive or default dead in startups and the importance of achieving profitability before running out of cash. They discuss the need for founders to assess the financial viability of their businesses and the differences between bootstrap and venture-backed founders.

Episode 96: Most startups and their founders don’t spend their money well, often using it as a crutch for a bad product or a misguided tool for growing their business too quickly. Today, I’m going to read essays from Elad Gil, a successful entrepreneur and arguably the greatest angel investor in the world, and Paul Graham, the founder of Y Combinator, on spending your money wisely.

Elad Gil Essay: https://blog.eladgil.com/p/capital-efficient-businesses

Paul Graham Essay: https://www.paulgraham.com/aord.html

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