Perhaps you're overanalyzing this post? For one, he doesn't appear to be postulating some grandiose startup theory. I read the post as "here is some bad stuff that happened to me and here's some advice if it happens to you."
Furthermore, have you considered that a general partner at Andreessen Horowitz has also seen plenty of what causes companies to fail? Maybe he just didn't outline it here?
Not to mention his last paragraph: "Sometimes it really is over, and I believe that one of the clearest signs is when you are completely out of cash. But right up until that point, when the music is still playing, when your team is still driving hard, you have a shot – and usually a decent one."
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Perhaps you're overanalyzing this post? For one, he doesn't appear to be postulating some grandiose startup theory. I read the post as "here is some bad stuff that happened to me and here's some advice if it happens to you."
Furthermore, have you considered that a general partner at Andreessen Horowitz has also seen plenty of what causes companies to fail? Maybe he just didn't outline it here?
Not to mention his last paragraph: "Sometimes it really is over, and I believe that one of the clearest signs is when you are completely out of cash. But right up until that point, when the music is still playing, when your team is still driving hard, you have a shot – and usually a decent one."