Then the music stopped.
Furthermore, the Founder's Friction Coefficient is accused of being "toxic positivity." Can a stressed founder not build a great company? (See: Steve Jobs, Elon Musk—both would score a 0 on the FFC). Piku Index
Disclaimer: The Piku Index is a cultural metaphor, not a GAAP accounting standard. Use it wisely. Then the music stopped
Investors have realized that a startup with a high Piku Index (say, 85) can survive a downturn. It doesn't need constant infusions of laxatives (i.e., venture debt). It is profitable, smooth, and resilient. No metric is perfect. Critics argue that the Piku Index punishes deep tech and biotech startups, where "digestion" naturally takes years, not weeks. You cannot build a nuclear fusion reactor with a 5-day Cash Conversion Velocity. Disclaimer: The Piku Index is a cultural metaphor,