Top tips for startups during an economic downturn
As the US faces a likely recession, technology companies and startups are taking steps to protect themselves. Some key tips for startups during an economic downturn include controlling cash burn by closely examining Return on Investment of all activities, maintaining a strong focus on customers and employees, building flexible systems that can adapt as needed, and leveraging challenging times to spur innovation. DigitalOcean's CEO Yancey Spruill emphasizes the importance of generating free cash flow and being in control of one's own future during uncertain economic times.
Company
DigitalOcean
Date published
July 5, 2022
Author(s)
Roxana Elliott
Word count
1248
Hacker News points
None found.
Language
English