How to Get 18 Months Runaway?

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When you have 18 months, you can really think long term. People with four months runway are really wishing they had six months runaway. So get yourself so f you' have only six months, runaway. Do this in a compassionate way. You be generous, with severance, and make sure yo've taken care of people - even if that means you have to do more lay offs. And remember the lesson of the truly great companies. Toyoda famously used to pay their workers to come to work in the factory even when they had no orders. They always came out of recessions stronger. If you're unsustainable, money losing start up, hay, join the club.

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