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YC

Y Combinator Cast

11/01/17

@ Y Combinator

Even during tough times, it's important to prioritize payroll and ensure no one on the team experiences missed or delayed payments.

Video

YC

Casey Neistat and Matt Hackett on Live Video's Struggle for Interestingness

@ Y Combinator

Casey Neistat and Matt Hackett on Live Video's Struggle for Interestingness

11/01/17

Related Takeaways

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Set up a payroll service to manage employee payments and payroll taxes effectively, as neglecting this can lead to severe financial consequences.

YC

Y Combinator Cast

11/01/17

@ Y Combinator

In a crisis, focus on ensuring your team feels secure and valued, rather than just on the company's immediate financial situation.

AY

Anatoly Yakovenko

06/13/25

@ a16z crypto

The key to maintaining morale during tough times is ensuring that team members feel they are making a difference and that their work is impactful.

SA

Sam Altman

06/01/17

@ Y Combinator

It's essential to communicate to the team what you're willing to overpay for and why, ensuring that everyone understands the short-term nature of such decisions.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Utilize a payroll service provider to handle employee payments and compliance, allowing you to focus on your startup's core activities.

AY

Anatoly Yakovenko

06/13/25

@ a16z crypto

Keeping a small team during downturns can eliminate politics and unhappiness, as everyone feels they are making an impact and can contribute to fixing problems.

JL

Joshua Lu

05/12/25

@ a16z speedrun

Getting a team to stay motivated and aligned during tough times is one of the hardest challenges for any entrepreneur.

BH

Ben Horowitz

04/21/17

@ Y Combinator

When managing a company, it's essential to create incentives for employees to stay, especially if they face the risk of being fired.

MZ

Michelle Zatlyn

10/15/14

@ Y Combinator

It's crucial to worry about the small details, like hiring the right people and ensuring they work well together, as these factors significantly impact long-term success.