Let's Do It.

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Erma Bombeck: 'It's actually not doing any one a service to run your unsustainable company into the ground because you're afraid to make the hard choices' She says it is important to preserve people's employment, yes, and to look for new ways to make money. But don't hide the bad news by ibessing people - they see right through that. And give yourself at least two weeks in cash crunch to find some new opportunity. For those companies with dire financial straits, she suggests giving themselves 12 weeks of breathing space before making tough decisions.

0:52 Jason intros Eric Ries and they discuss how things have been since shelter-in-place started
8:33 What good will come out of this? Will UBI proponents like Andrew Yang be proven right?
10:12 Eric's advice to today's founders after living through the 2008 recession & the dot-com bust
15:53 Eric describes the obligations of leaders during a crisis of this magnitude, what the test-and-trace method is and how it's effective
25:02 Do authoritarian countries have an advantage in handling outbreaks better than democratic countries?
28:45 Jason & Eric reminisce about 2011 in startup-land
30:38 Tactical advice for Founders in an economic downturn
39:52 Eric explains what he is doing to help at: https://schoolclosures.org/
44:11 What is the Long-Term Stock Exchange?
48:57 Thoughts on private companies giving equity options to contractors
53:00 More tactical insights for founders: handling layoffs, figuring out new revenue opportunities, capitalizing on silver-linings, extending runway, etc.
1:01:01 Amazon & Lyft partnering to help each other, Bird's layoff approach, extending runway by trading cash for equity
1:12:21 Eric's thoughts on the future of capitalism