YC advises founders to ‘plan for the worst’ amid market teardown – TechCrunch
Y Combinator, a Silicon Valley kingmaker, is advising its portfolio founders to “plan for the worst” as startups across the globe scramble to navigate a sharp reversal after a 13-year bull run. The investment firm — whose early backings include investments in Dropbox, Coinbase, Airbnb a…
techcrunch.com
There's an interesting video they linked to in the article: "Saving your startup during an economic downturn": https://www.youtube.com/watch?v=0OVSTWozvfY
They simply don't want founders to spend money on unnecessary things. So maybe they found the current economy as a perfect excuse to remind founders to not do that :)
I like this one (#9): "Remember that many of your competitors will not plan well, maintain high burn, and only figure out they are screwed when they try to raise their next round. You can often pick up significant market share in an economic downturn by just staying alive."