Right everybody welcome back to this week in startups. It's time for

startup basics with my friend Becky de Gras. She is council from Wilson

Cincinnati, W-SGR, as we call it.

People say Wilson, Cincinnati here in the valley.

Becky, one of the things we're seeing is distrust companies.

I'm on the board of some of these and this crazy moment happens

when it's pretty clear that this plane is not going to make it across the Atlantic Ocean and land safely, to use a dark metaphor.

It's not life or death, but all of a sudden I looked to my left and my right and two VCs and

an independent director just took their

parachutes and jumped out the back of the plane and I'm sitting in the

cockpit with the two co-founders and we got to do something with this plane.

So maybe you could talk about why do certain VCs just leave the board, companies not out of business, but they're clearly

struggling and there's just like perception, hey we're not going to make it.

It's going to be a pretty rough landing.

So let's talk about distress companies in that final six months.

Yeah, now, unfortunately, we're having more of these conversations

in this macro environment that we're in, but I think if you

find yourself either as a director or officer in one of those companies heading in that direction,

your job becomes much more difficult, right,

on a number of friends.

Anytime you start taking actions, they're going to be looked at with greater scrutiny, right?

Oftentimes it's insiders that come to the rescue, enter from a financing perspective. And we've got insider-led down rounds and

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