What a Market Downturn Means for Startups
In today’s Startup Therapy Podcast, Wil and Ryan talk about putting a freeze on your resources when returns take a downturn. When is it necessary to let go of some employees? When is it an urgent matter to get more funding? Can you possibly get more fundi
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Show Notes
In today’s Startup Therapy Podcast, Wil and Ryan talk about putting a freeze on your resources when returns take a downturn. When is it necessary to let go of some employees? When is it an urgent matter to get more funding? Can you possibly get more funding when the Startup isn’t hitting the target? Well, you can definitely weather the storm when you understand that a downturn is tough but it’s a good phase to start cleaning up unnecessary ties and expenditures.
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- Startup Therapy Podcast
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What to Listen For
- 00:00 Intro
- 00:24 Startup market crash
- 06:47 The reason investing got so crazy
- 14:59 We raise money to get to milestone
- 17:35 When you start seeing lay-offs
- 20:33 We have to switch to defense