A founder shares how he turned a layoff from a startup that burned $96 million into $65 million in consulting revenue. He walks through the steps: build savings, identify a marketable skill, land your first client, then scale from there.
Laid off and feeling lost? I've been there. It's rough. I was let go from a Silicon Valley startup that burned $96 million. Then with a lot of hard work, amazing co-founders, and some luck, I turned that setback into a launchpad, building multiple consulting businesses, $65 million in revenue, and an 8-figure exit. So what is it that you need to do first after a layoff, or if you think you might be impacted by an upcoming layoff. One is build a financial safety net. 2, match a skill that you have into a need in the market. So basically you want to turn your skill into a consulting business and then work hard to land your very first paying client. Once you land your first client and deliver the service, by then you'll have seen the entire business cycle, and you can start planning to grow and scale and build that business that you've dreamt of building.
