This Week in Startups E1044: Ask Jason! Starting a company in an economic crisis, bringing on & compensating startup advisors, scaling diligence as an angel investor, Jason’s thoughts on solving the unemployment surge & more!
Apr 10, 2020
Listeners explore whether launching a startup in an economic crisis can be beneficial. Strategies for attracting investors and leveraging equity offerings are discussed. The podcast emphasizes the vital role of advisors and how to compensate them to enhance credibility. Insights into marketing spend, especially for no-code startups, reveal adaptive approaches during downturns. There's also a discussion on how COVID-19 has impacted food delivery services and innovative solutions like cloud kitchens. Jason shares thoughts on tackling unemployment challenges in today’s market.
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No-Code Startups
- Use no-code platforms for rapid prototyping and early validation.
- Transition to a custom codebase when no-code limits scalability or performance.
Starting Up in a Downturn
- Economic downturns offer reduced competition for talent, customers, and funding.
- Focus on building a great product, regardless of market conditions.
Fundraising in a Crisis
- Target investors strategically with personalized emails, demonstrating growth.
- Run a "mini-process" to gauge investor interest and build early relationships.