This Week in Startups

Managing a recession, housing market insights & more with Redfin's Glenn Kelman + OK Boomer | E1616

Nov 18, 2022
Glenn Kelman, CEO of Redfin, shares his candid insights on navigating economic downturns and the intricate dynamics of today's housing market. He addresses the challenges of layoffs and emphasizes the emotional burdens leaders face during tough times. Meanwhile, Shannon Almeida, co-founder of Volv Media, discusses innovating news for Gen Z with a TikTok-inspired format, highlighting how their platform utilizes AI for concise delivery. Together, they offer a mix of practical advice and thought-provoking observations on resilience and media consumption.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Seeking Advice

  • Glenn Kelman sought Jason Calacanis's advice during the 2008 financial crisis.
  • Calacanis advised him to "stick it to our investors", which Kelman found helpful.
ADVICE

Preparing for the Storm

  • Founders should prepare for downturns by "battening down the hatches".
  • This involves making difficult decisions like layoffs and cost-cutting.
INSIGHT

Market Distortions

  • In up markets, founders often overestimate their abilities, while down markets lead to underestimation.
  • It's crucial to analyze performance rigorously during downturns to identify real progress.
Get the Snipd Podcast app to discover more snips from this episode
Get the app