I've worked for startups that went bankrupt overnight, and it's happen to several friends of mine. I worked as a freelancer for several years after the 2008 collapse, and experienced first hand what it's like to have clients disappear.
Times have changed since then and the economy is doing good, but this experience still worries me.
As a developer working for a startup that isn't profitable and spends money like water. I'm stuck only as an observer. The company shares their sales revenue but not their expenses, but it doesn't take an accountant to see this can't last forever.
One thing that worries me the most is how unprepared they are for tough times. Particularly in the costs associated with R&D and their current inefficiencies. The technical debt is huge, but what worries me more is how they're not gaining experience working within budgets.
It's a chaotic R&D process with random results and no accountability.
I'm not a partier, but this is a party culture. Anything and everything is celebrate as an achievement and drunken parties are weekly rituals.
It's difficult to be the voice of reason in a party culture.
There are many other deficiencies including a standard 30 hour work week. A weekly work from home day where no one does work. Weekly parties cost 2 work days per sprint, and a history of firing people who don't fit into the culture.
So I drink, I laugh and I play along.
Should I be actively looking for a new job?