A short YouTube clip by Mark Evans urging founders/entrepreneurs to have difficult conversations immediately with vendors and investors rather than panicking or alarming their teams. The speaker shares an anecdote about a wealthy mentor who laid off staff to preserve runway during a downturn and emphasizes planning for shrinking runway in financial crises.
If you haven't done these hard conversations, you need to do them this week. You need to call the vendor, you need to call the investor. You need to just have a conversation. Connect now. Don't call your team and say, hey, the walls are burning down. We got to get. Evacuate, you know, you're fired, blah, blah, blah. I'm not saying that. And again, this is not Debbie Downer. This is reality. My buddy, one of my. One of my mentors, he's worth a billion plus, they fired. They laid off 30% of their team. They have a lot more money than I do, and I'm following guys with money and asking why? What's going on? What do you see? What don't I see? They have a lot more information, a lot more data, and a lot more insight. Many, many years, large company in the financial world. Why are you doing this? What's going on? Why is Facebook doing. Why is Google doing this? Why is this? And it's not because they're trying to make more money, because they're looking for the preservation growth. They're looking for the Runway. Right. Right now? Yeah, dude, you got all this money. Well, if you've ever been in a financial crisis, which I have multiple times, the Runway shrinks from here to here overnight.
