How to Lead Your Startup During the Economic Downturn (part 1)

The recent economic downturn has already had a profound impact on tech startups. Many midstage companies are struggling to raise funds or receive valuations they view as fair, leaving many to wonder how they’ll survive the next year or more and come out of the other side of the downturn intact. With startup leaders in need of guidance, Midstage Institute co-founders Roland Siebelink and Doug Miller have put together a two-part podcast about what startup leaders can do during the current downturn and how to lead during lean times. In the first part of their conversation on the Midstage Startup Momentum Podcast, Roland and Doug talk about their experience in past economic downturns and how founders can respond to the current situation. The need for startups to increase their runway to cover the next 12 to 24 months. Why past downturns have been a blessing in disguise for the startups that survive them. The importance of leaders being open with their teams during times of uncertainty. The benefits of leaders taking time to celebrate small wins during turbulent times. Why the company’s bottom line is now more important than the top line. Why it’s not such a bad thing to have to make such hard decisions during a downturn.