A lot of companies, most notably Facebook, Uber, Doordash, and Amazon, took a ton of time to not lose absurd amounts of money, so I can see why that was the job. They literally had ideas that wouldn't have worked as companies without billions of dollars.
yes, true,
but this is 0.001% of the startups, which won't happen to a typical founder
CEO’s job is to not let the company run out of money. One way to achieve that is through fundraising, but fundraising shouldn’t be a goal in itself.
That is part of the CEO's job. But the primary goal should be to create a company that is profitable (assuming incentives are correctly aligned). For the past decade incentives were not correctly aligned and the primary job was to do the Silicon Valley equivalent of flipping a house.
Nah for venture-backed it’s to deliver results for investors.
yeah, and this seems like a common thing,
but the reality is that most startups are actually bootstrapped and never raised money and never even tried.
But the media covers mostly VC funded startups and their stories, that's why it feels like this is a typical story, but it's just 1% of the reality