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Unfortunate that your perception is that this is a desperation play. I think the intent is the exact opposite of that.

The startup souffle might be deflating for sure, but I think the intent here is to say:

"We just had to layoff 40% of our staff yesterday. Through no fault of their own, our folks are now jobless. Can the community help?"

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I love the fact that people are prepared to be so open about this. Wish it would happen more. I don't know anything in detail about these people and their work, and so won't name names, but there are certainly people there that I recognise as quite impressive and I don't read this as desperation, just a neat response to an unexpected situation.

(edit: well, I wouldn't name names even if I did know more about their work. That would be uncouth)

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