New ask Hacker News story: Ask HN: Are startups still operating in 'default alive' mode?
Ask HN: Are startups still operating in 'default alive' mode?
3 by neilfrndes | 0 comments on Hacker News.
Last year in May, YC sent an email[0] to its startups asking them to "plan for the worst" and try to be 'default alive' for 24 months. We took that advice seriously and drastically reduced our spend, which extended our runway at the expense of growth. I was wondering if other founders are still running their companies in 'economic uncertainty' mode, or things are relatively back to normal? Anecdotally, from talking to other founders in the Bay Area, it seems like early stage fundraising hasn't reduced as drastically as predicted, albeit at lower valuations. [0] https://ift.tt/PLiZoey
3 by neilfrndes | 0 comments on Hacker News.
Last year in May, YC sent an email[0] to its startups asking them to "plan for the worst" and try to be 'default alive' for 24 months. We took that advice seriously and drastically reduced our spend, which extended our runway at the expense of growth. I was wondering if other founders are still running their companies in 'economic uncertainty' mode, or things are relatively back to normal? Anecdotally, from talking to other founders in the Bay Area, it seems like early stage fundraising hasn't reduced as drastically as predicted, albeit at lower valuations. [0] https://ift.tt/PLiZoey
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