Adyen
🧪 Veeva
OPower
Dropbox
ZenDesk
Wix
Hubspot
CarGurus
Spotify
Waze
Workday
/1
Navigating a financial crisis isn't easy for any company, but a startup has the benefit of nimbleness on its side.
The 2008 meltdown came at a moment of maximal vulnerability for most of those companies I listed.
/2
🌆 High-fixed costs
🍂 Rapidly dwindling funding
⚡️ Demand shock/Revenue drop
☁️ Cloudy financial forecasts
🏦 Political instability
/3
/4
I'd encourage founders to look up the histories of the relevant companies to see what can be learned.
/5
Your startup can as well!
/End