Daily Productive Sharing 470 - The Economic Downturn Is on the Way

Daily Productive Sharing 470 - The  Economic Downturn Is on the Way
Photo by Ussama Azam / Unsplash

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Y Combinator, Silicon Valley's leading incubator, recently sent out a memo to their portfolio companies reminding them to prepare for the economic downturn.

  1. No one can predict how bad the economy will get, but things don’t look good.
  2. The safe move is to plan for the worst.
  3. If you don’t have the runway to reach default alive and your existing investors or new investors are willing to give you more money right now (even on the same terms as your last round) you should strongly consider taking it.
  4. Regardless of your ability to fundraise, it’s your responsibility to ensure your company will survive if you cannot raise money for the next 24 months.
  5. Understand that the poor public market performance of tech companies significantly impacts VC investing.
  6. Your fundraising experience was most likely not normal and future fundraises will be much more difficult.
  7. If you are post Series A and pre-product market fit, don’t expect another round to happen at all until you have obviously hit product market fit.
  8. If your plan is to raise money in the next 6-12 months, you might be raising at the peak of the downturn.
  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.

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硅谷著名孵化器 Y Combinator 最近发了一份备忘录给他们投资的公司,提醒他们为经济下行做好准备:

  1. 没有人能够预测经济会变得多么糟糕,但目前看起来并不乐观。
  2. 安全的做法是做最坏的打算。
  3. 如果你还不在活下去的跑道上,而投资者愿意现在就给你钱,你应该强烈考虑接受这些投资。
  4. 无论你的筹资能力如何,即使在未来两年内无法筹资,你也有责任确保你的公司能够生存下去。
  5. 科技公司在公开市场上的糟糕表现会大大影响 VC 的投资。
  6. 你以往的筹款表现很可能只是在牛市的表现,未来的筹款可能会很困难。
  7. 在你找到明确的市场需求之前,不要指望会有新一轮融资。
  8. 如果你计划在未来6-12个月内融资,你可能会在经济衰退的高峰期融资。
  9. 记住,你的许多竞争者可能不会有很好的计划,依旧保持高消耗,只有当他们试图筹集下一轮资金时才会发现他们已经完蛋了。

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