Again this is not about people but about businesses... in this case startups which are somewhat unusual businesses since they have tons of cash an no income, and often don't spend money on things like CFOs that aren't really necessary for them yet.
IF they have tons and tons of cash they are rich. Which means they should know much better. They have less than zero excuses. They are often not making positive money so they should be extremely prudent with their finance. Tells a lot that nothing is expected from them and they should be treated like kids...
I would have said this shows that’s are necessary but it turns out you’re right. Who needs a CFO when you have the nation’s politicians in your pocket?
