StartupJournal | Survival Strategies: “Small Firms Must Walk A Fine Cost-Cutting Line”
By RAYMOND HENNESSEY
“NEW YORK — There’s a fine line that needs to be walked between shrinking a company and killing it off.
It’s a line venture capitalists have found themselves walking more and more. With an unwillingness to continue to fund many of their start-ups, particularly at cash-burn rates set up in the heady days of 1999 and 2000, the emphasis has been on shrinking the companies they own, getting them to work leaner.”