20VC: Databricks CEO, Ali Ghodsi on The 3 Phases of Startup Growth, How to Evaluate Risk and Downside Scenario Planning & Who, What and When To Hire When Scaling Your Go-To-Market
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Approaching Risks: Taking Calculated Risks and Staying Paranoid
Approaching risks involves taking calculated risks to achieve greatness, while also maintaining a sense of paranoia due to the possibility of losing everything. This balancing act between optimism and anxiety is crucial. In order to prepare for potential worst-case scenarios, it is important to conduct exercises that consider the possibility of a sudden halt or the recurrence of previous challenges. This proactive mindset proved to be beneficial during the pandemic, as the company was able to quickly adapt and respond because they had already contemplated such scenarios.
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