Advice for Founders During Uncertain Times
Too Long; Didn't Read
Jamie Goldstein is the Founder & Partner at Pillar VC. He says the startup industry has been living in pretty good times for over a decade. Valuations have been high (relative to historic levels) and as a result the “cost of equity” has been relatively low. Now is a good time to think hard about focusing your effort and your cash on the smallest possible surface area. Cutting costs and reducing burn rate are the key things to consider in the wake of the current crisis.