Startups survive because of the grit and perseverance of their founders and the culture they foster. Running a startup is like sailing through a tide. Sometimes, the journey becomes difficult, and near-death experiences become everyday occurrences.
Half a dozen companies closed because they grew too fast or founders could not run on frugality. The culture from day one was to build fast and break things. The capital was unlimited.
It was more of a transactional journey that resulted in many of their employees going jobless overnight as market dynamics changed and fundraising started being tough.
After running our company for the last 8 years, this high and low market does not deter us from what we are building because, from day one, we have been frugal, and our culture is about going against the odds. In short, “Go where no man has gone before,” aka Star Trek.