Hypothetically speaking, a startup gets some rounds of investment from VCs, operates for a few years, and run out of runway. What do these final months look like? Do the investors try to get their money back?
As a last ditch attempt to avoid bankruptcy someone in management decided to join a MLM program to “raise further money”. Which involved lots of household chemicals that we were supposed to sell to clients at the same time as we were doing our actual jobs (both unpaid).