2min chapter

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Ep 198: 15 Years, 15 Lessons: Clio Founder Jack Newton On What He’s Learned About Building a Successful Company

LawNext

CHAPTER

The Importance of Funding Startups in the Recession

Recessions are great times to build and founders should be leaning into this as an opportunity. Investors are very hesitant to come in and fund an idea on a whiteboard where you've got an idea for a product. If you can bootstrap in a very low budget way or just with some friends and family funding, demonstrate the fact that you're solving a customer pain point,. From that, investors will happily underwrite that check to scale it from 10 customers to 100 customers to 1000 customers.

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