I have 3 weeks of cash and our updated product (we burned through our angel money on the first product which was well received by the press by didn’t get traction with our hoped for business base) going live in 2 weeks. I’m trying to raise some more but I may have to fire half the staff to keep the burn rate down. My co-founder says let’s fire now but I worry about the impact on morale. Am I just being indecisive or deluded that I will raise enough to avoid a crisis.
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