A startup's value is based on the expected value of decades of future cash flow. Pivot into the crisis only if you expect long term behavioral change.
There are two cases where this advice is mistaken: 1. When a startup is just getting started, and needs a beachhead, even if those aren't ultimately the core users. E.g. Harvard undergrads are not Facebook's core users. 2. When a startup is about to die and has no alternative.
-
-
http://www.paulgraham.com/die.html - "So I'll tell you now: bad shit is coming. It always is in a startup. The odds of getting from launch to liquidity without some kind of disaster happening are one in a thousand. So don't get demoralized."
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
But neither of these situations anybody would willingly get into. However, many may look at this temporary crisis as an opportunity. But should they?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
There are probably more than two! 1. Yes, there are many suddenly-viable beachheads that are yet unoccupied. People should try them. Just make sure it could be an analogue to real identity in the internet. 2. If you’re going to die, ignore all long term advice regardless.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Coming in with Price vs Value but Austrian Economics has been quarantined and is WAY over 50.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.