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ANGEL: Surviving a down market, early VC stories & more with four-cycle investor Geoff Yang | E1676
This Week in Startups
How to Survive in a Downturn
The first thing is surviving, right? And so it feels to me like this is a period of time that's more like the GFC kind of correction than it is like the internet bubble bursting correction where we got a ton of excess capacity and a bunch of business models that really didn't work yet. The second thing that I think people do is they then change their philosophy on how to get expenses. They start layering expenses with revenue, not in advance of it. Fourth is spend time with your team, you know, be present, right? It's a very, it shakes the confidence of everybody when they see what's happening out there in the world.
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