VentureBeat had a Downturn RoundTable yesterday consisting of a panel of VCs and an panel of entrepreneurs giving their advice on what to do to whether to current economic crisis. I found the TechCrunch commentary to be a very good summary:
- VCs Speak On The Economic Downturn: Batten Down the Hatches
- Silicon Valley Entrepreneurs: Make Cuts, Stay Stingy, But Never Forget The Dream
Since VentureBeat actually put on the event, it seems appropriate to link to their content also.
- VentureBeat’s downturn event: The VC panel
- VentureBeat downturn event: Tightening your belt isn’t enough
By far the best five minutes are John Doerr of KPCB reciting his 10 tips (which are written here).
Direct, clear, and actionable. While a lot of this is common sense that should be done all the time in any entrepreneurial business, if you are an entrepreneur you are going to hear this over and over again in the next "chunk of time." And – if you work for a startup, recognize that these are the things going through the head of the leadership team right now; help them accomplish them.