Results Junkies - Did YC pull the fire alarm?
If you haven't already seen the email sent to the YC portfolio, it's attached to my tweet below...
Two (2!!) New Podcast Episodes
Today's bonus episode is all about the YC letter -- and how 2022 is kinda-the-same-but-really-kinda-different than 2008.
And yesterday's weekly episode covers dominant shareholder issues, the strategy of negotiating in public and some ideas around the future of work.
Riveting stuff, I know. But having invested in thousands of founders over the last decade, these are the sorts of things discussed on the investor side of the table on a regular basis.
Grab them on Apple Podcasts, Spotify Podcasts or Google Podcasts -- and let me know what you think! 🙏🏼
***
If you're watching the news (or your social media feeds), most of the rhetoric these days is focused around the potential magnitude of whatever is-or-isnt heading our way. Ignore all of that noise.
It's not the magnitude of things that will cause problems for entrepreneurs over the next 6-12 months. It's the uncertainty.
When employees are uncertain, they start job hunting.
When founders are uncertain, they make poor judgements.
When investors are uncertain, they reserve additional capital for existing portfolio companies.
The point is that we should all be prepared to weather the uncertainty of the next few months.
In last week's episode, I hinted at a Google Spreadsheet template we've been using to prepare our own business for uncertainty. It turns out, hundreds of listeners messaged me for a copy... rather than reply to every email and DM, here's a link to the template (and a sample screenshot of our current version).
***
And, since you've made it this far... here's that letter from YC. 😅
May 19th 2022
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Have a great weekend!
-P
PS -- I really hope you'll give the podcast a listen. 🙏🏼
PPS -- will you please consider sharing the podcast with at least one other person that might find it useful? 🙏🏼😅
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