> But a lot of businesses fail for reasons other than the directors "mistakes". All the more reason why entrepreneurs should not take lightly the prospect of f

> But a lot of businesses fail for reasons other than the directors "mistakes". All the more reason why entrepreneurs should not take lightly the prospect of filing for bankruptcy, and should focus their energy on ventures where they can minimize the chance of burning through cash right into bankruptcy. Otherwise it starts to sound like these serial entrepreneurs are just flinging crap at a wall to see which one will stick with little to no effort. This is a massive disservice to investors and employees alike, if not outright fraud.