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This is an excellent resource for early stage founders like myself at this time. My personal key takeaways: - Locomotive effect may propagate later stage disr
by transitivebs 7y ago
This is an excellent resource for early stage founders like myself at this time.
My personal key takeaways:
- Locomotive effect may propagate later stage disruptions onto early stage businesses. Macro shifts will affect micro-level economics sooner or later.
- Doing nothing is a decision and in this climate it's often better to react and plan aggressively starting now.
- Runway matrix & scenario planning are great as a reference. Make these assumptions and gameplan a living doc so you revisit them from time to time.
- "$1 today is much more valuable than $1 in two years" especially in a recession
- "Especially in a downturn, people want to give money to companies that don’t need the money.”
- Many of your potential customers will be laying off engineers, so focusing on a "buy instead of build" message can really help your sales pitch.
- Expect fundraising rounds to take much longer (6 months plus) for the foreseeable future
- Don't forget the personal side of things and how everyone's family may be affected in unexpected ways
- To shine a light on potential and reframe your mindset, ask yourself: What are the unexpected opportunities that have come out of this chaos already?