Away depends a great deal in the nature of the start-up, type of industry, etc
How to protect your startup against a recession? The first step is to be default alive. http://paulgraham.com/aord.html That won't guarantee you survive, but not being default alive will more or less guarantee you don't.
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did you read the article? In the context of the article, I'm curious what decisions you made that were mistakes? The article is essentially saying "make sure to have real revenue so that you can survive without investors". I can't imagine that EVER being a mistake.
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Default alive.
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Basically EBITDA for idiots.. but if it wakes people up all good
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Even though recessions are terrible, for us (coding schools) recessions are actually good.
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Still great, thanks.
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If your company is doing good, stay long. If your company is not doing good, stay long. Staying long does wonders, which you’ll know only when you stay long.
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The last recession I was in, we worked through it harder than others and then sold to Disney — companies have cash for winners during the last tail of a down run is what I told myself. — focus while others spiral
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Agree, with excepetion to the analogy in note #2. In many cases, someone who is predisposed to alcoholism really ought to abstain in order to avoid becoming an alcoholic. I speak from experience.
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