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6min chapter
E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
All-In with Chamath, Jason, Sacks & Friedberg
The Next Round of Layoffs
Every single company that hits the wall and goes out of business that didn't do a round of layoffs 12 months before was asleep at the wheel. You have to take the same focus you had of selling people on buying shares in your company and put that into your product, the actual service, and raise your prices. Sometimes founders just have this amazing moment. We're like, oh, ye, i uess we could charge more, and if we lost some customers, that wouldn't be the end of the world, and we'd be profitable. But it takes a lot of skill to be an investor. And i think we've glossed over how hard that business is as well. All
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