Sequoia put out a memo in March calling out our present situation – the spread of COVID & a China-led global trade disruption – a Black Swan moment. The memo says, “Having weathered every business downturn for nearly fifty years, we’ve learned an important lesson — nobody ever regrets making fast and decisive adjustments to changing circumstances…”
One of the big suggestions in the memo is to conserve cash and manage headcount. If you look at this from the perspective of hiring and talent management, one interesting way of doing this is leveraging the power of ESOPs so that you can still fire on all cylinders. We had Vikas Ralhan, CFO at Loconav and former VP Finance at InfoEdge and Lenskart join us last week to talk about exactly this.
Vikas has seen a few market cycles in his career and helped the startups navigate them securely. Here is his thinking on running a tight ship as we sail through this Black Swan moment.
Read here: Dealing with the ‘BlackSwan’
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