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As an example, if you are looking for a job and trying to pick a stable company, understanding some of these dynamics could help. But I don’t think it’s essential for everyone to understand it or anything.

Honest and collaborative companies will be as open as they can about their cash burn rate and prospects for more funding. If this aspect of the business is not done well, it can have pretty sudden and unpleasant consequences for the folks doing the work on the front lines. As a dev, you might feel like you are building a something awesome one month, and the company suddenly has no cash left to pay anyone the next.

My experience in the US is that companies can cut it pretty close between funding rounds - just a few months, and those moments can be nerve-wracking if you like what you're doing.

I guess for now you shouldn't worry unless you plan to join/co-found an extra-early stage startup

My reading is that VC backed jobs/salaries are going to become somewhat less secure if this trend continues/accelerates, but it's probably a little early for devs to feel the impact. Might influence job searching as startups become higher risk.