Cash is king. And for any startup, it is a lifeline. When I see food delivery startups burning through an insane amount of cash (read the original post here) it hurts. Capital is key for an idea to turn into a sustainable and viable business.
Real innovation happens when the results are delivered by being fiscally conservative. It is difficult to create a hunger in paradise! If the team know the money will flow easily, there will be little or no incentive to be innovative.
Early Biotech companies, where the science and engineering was not only difficult but the possibility of a product was 4-5 years down the line used ‘fiscally conservative yet incredibly innovative‘ mantra to succeed.