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Michael Seibel

05/07/22

@ Y Combinator

Taking a significant hit to your growth rate can be necessary to achieve a sustainable business model, similar to how personal bankruptcy allows individuals to clear debts and start fresh.

Video

Save Your Startup During an Economic Downturn

@ Y Combinator

Save Your Startup During an Economic Downturn

05/07/22

Related Takeaways

Garry Tan

06/08/23

@ Y Combinator

When faced with a harsh reality, like a startup's decline, it's essential to change your understanding and adapt your business model accordingly.

Y Combinator Cast

05/07/22

@ Y Combinator

Successful companies often have to accept losses along the way; learning to take a hit is part of the entrepreneurial journey and can lead to long-term survival.

Ben Silbermann

04/07/17

@ Y Combinator

Managing growth effectively is crucial for a startup's success, as it can determine whether the company thrives or fails.

Michael Seibel

05/07/22

@ Y Combinator

In the startup world, you're judged on your performance over the last six to eighteen months, so if you can cut your revenue in half to become sustainable, it can lead to better long-term outcomes.

Y Combinator Cast

05/07/22

@ Y Combinator

It's important for founders to understand that the perception of needing to grow rapidly can lead to poor decision-making, such as overspending or neglecting financial health.

Joel Spolsky

10/25/13

@ Y Combinator

To survive in an organic growth business, you need to break even quickly, often by consulting or generating revenue from clients from day one.

Adora Cheung

03/20/17

@ Y Combinator

Sustainability in growth means not overspending beyond your means. If your customer acquisition costs exceed the lifetime value of your customers, you risk running into financial trouble.

Y Combinator Cast

05/07/22

@ Y Combinator

It's crucial for founders to recognize when they are in a precarious financial situation and to act quickly to assess their runway and make necessary adjustments.

Gustaf Alstromer

09/12/18

@ Y Combinator

Growth is essential for startups because it defines their potential to become significant in the market.