Down Round: Startup CEO Sim

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You raised the money. Now survive the people. Down Round is a swipe-card startup simulator. Every card is someone at your door — your co-founder, your CTO, a reporter, the investor who already owns a piece of you. Swipe left or right. Every answer you give moves four meters: Cash, Morale, Hype, Product. The catch is that all four kill you at both ends. Run out of cash and it's payroll day. Never spend a dollar you didn't have to, and the board finds someone braver. Zero hype and nobody writes about the shutdown. Maximum hype and somebody finally asks to see the numbers. SIX ROUNDS, GARAGE TO BELL 426 hand-written cards across The Garage, the Angel Round, Series A, Series B, Series C and the IPO. Ten endings. Only one of them rings the bell. PLAN THE ROUND, THEN SURVIVE IT Every round opens with a board planning meeting. Pick your terms — take the full round, a tight one, or none at all — then commit your budget to R&D, Growth, Revenue, People or Efficiency. Every track is a trade, not a bonus, and what you commit stays committed. Your burn and runway sit on screen all day, and every hire makes the burn heavier. Keep the board's trust and it forgives a near miss at review. Every

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