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This is reminiscent of Sequoia Capital's warning at the early stage of the pandemic in 2020
YC advises founders to ‘plan for the worst’ amid market teardown
During this week we’ve done office hours with a large number of YC companies. They reached out to ask whether they should change their plans around spending, runway, hiring, and funding rounds based on the current state of public markets. What we’ve told them is that economic downturns often become huge opportunities for the founders who quickly change their mindset, plan ahead, and make sure their company survives.
https://techcrunch.com/2022/05/19/yc-adv...the-worst/
YC advises founders to ‘plan for the worst’ amid market teardown
During this week we’ve done office hours with a large number of YC companies. They reached out to ask whether they should change their plans around spending, runway, hiring, and funding rounds based on the current state of public markets. What we’ve told them is that economic downturns often become huge opportunities for the founders who quickly change their mindset, plan ahead, and make sure their company survives.
https://techcrunch.com/2022/05/19/yc-adv...the-worst/