Comment by rjdagost

If there's one thing I've learned from the dotcom crash and the 2008 collapse, it's this: when the crap hits the fan, cash is king. Start-ups without profitable business models are extremely vulnerable. All of the pitches about exponential growth and glorious future profits carry little weight when investor psychology turns negative. So if you have a large pile of investor capital and you have investors who can't / won't claw their money back, you may be OK. But don't kid yourself that you are on an easier path.