Steve Blank: How to turn the tables on COVID-19
Pattern Breakers
00:00
How to Reorient Your Startup in a Catastrophic Change Environment
The role of timing is just fundamentally changed right so in the last few years most startups made with the capital markets was I have 18 months to show something compelling and if I do then I can raise more money. What we're finding right now is that the only thing I'm certain about is that I'm uncertain. Michael: When you have an uncertain situation you have to take control of your runwayYou have to own your runway and buy yourself 36 months if you can because otherwise you're counting on things that you can't control to help you pull through.
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