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MS

Michael Seibel

05/07/22

@ Y Combinator

During a crisis, it's crucial to make tough decisions, such as cutting costs and increasing revenue, to ensure the survival of the company.

Video

YC

Save Your Startup During an Economic Downturn

@ Y Combinator

Save Your Startup During an Economic Downturn

05/07/22

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Anatoly Yakovenko

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I had to make tough decisions during a crisis, including shrinking the team and raising funds, which ultimately extended our runway and allowed us to launch successfully despite market challenges.

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

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During a financial crisis, one of the best decisions was to take the team on a retreat to foster communication and confidence, despite the company's struggles.

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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.

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Ray Dalio

02/07/25

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Timing is crucial for a successful company; surviving downturns to be present during upturns is essential for long-term success.

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Brian Chesky

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In a crisis, you have the chance to be bold and exceed expectations; it's a moment to rally your team around shared principles and vision.

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Marc Benioff

12/10/24

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Layoffs can be a crucial tool for CEOs to prepare their companies for the future, even though no one wants to make that decision.

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Brian Chesky

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In a crisis, you must make principle-based decisions rather than data-driven ones, as the situation often lacks clear data.

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Brian Chesky

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We had to make tough decisions during the pandemic, including layoffs, but I aimed to do it with compassion and transparency.