Operational and finance tips for early-stage startups in a tough market

Survival tips for tech startups in a tough market

Key points:

1. The current market meltdown is tough for tech startups, similar to the dot-com and Great Recession meltdowns.
2. Amazon is an example of a company that survived by pivoting its business model during a tough market.
3. Global VC funding and PE deployment have decreased significantly in Q2 2023.
4. The M&A market for VC-backed startups is slow, and there are fewer IPOs.
5. Operational survival tips include focusing on cash flow, cutting expenses, and exploring AI for tasks.
6. Terminating employees may be necessary, but consider furloughing to retain talent.
7. Consider a hard pivot and listen to market demand for new products or services.
8. Pursue multiple corporate finance options simultaneously to extend runway.