E1041: The Lean Startup’s Eric Ries gives tactical advice for founders during an economic downturn: obligations of leadership, extending runway, handling layoffs with grace, finding new revenue opportunities, capitalizing on silver-linings & more!
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 1 April 2020
⏱️ 79 minutes
🧾️ Download transcript
Summary
8:33 What good will come out of this? Will UBI proponents like Andrew Yang be proven right?
10:12 Eric's advice to today's founders after living through the 2008 recession & the dot-com bust
15:53 Eric describes the obligations of leaders during a crisis of this magnitude, what the test-and-trace method is and how it's effective
25:02 Do authoritarian countries have an advantage in handling outbreaks better than democratic countries?
28:45 Jason & Eric reminisce about 2011 in startup-land
30:38 Tactical advice for Founders in an economic downturn
39:52 Eric explains what he is doing to help at: https://schoolclosures.org/
44:11 What is the Long-Term Stock Exchange?
48:57 Thoughts on private companies giving equity options to contractors
53:00 More tactical insights for founders: handling layoffs, figuring out new revenue opportunities, capitalizing on silver-linings, extending runway, etc.
1:01:01 Amazon & Lyft partnering to help each other, Bird's layoff approach, extending runway by trading cash for equity
1:12:21 Eric's thoughts on the future of capitalism
Transcript
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| 0:51.6 | Hey everybody welcome to this week and startups. |
| 0:54.0 | I'm your host, Jason Callicanis, and it is Monday the 30th of March. |
| 0:59.0 | I have to really think that through because I am in day 20 of my quarantine and I'm literally |
| 1:04.4 | losing my mind but it's great to see what the local government here in the |
| 1:09.9 | Bay Area credit to London Breed and the other officials who close San Francisco down. |
| 1:15.2 | I believe it's now two weeks and they're closing down for another month and we flatten the curve |
| 1:18.8 | here and people are safe. I hope everybody listening to my voice is safe and sound where they are. Social distancing works. are |
| 1:23.0 | social distancing to my voice is safe and sound where they are. Social distancing works. It's obvious it works and we're going to get through this and as part of this ongoing discussion |
| 1:32.0 | there is a human toll here which is first and foremost |
| 1:36.1 | obviously important beyond anything else. Even if it's just old people who are impacted, |
| 1:41.2 | those old people are moms and dads and grandparents. |
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