We’ve read predictions and comments on startup winter for 2020. For example, we have seen commentaries regarding there will be a “big chill” approaching the startup ecosystem –and it is natural for us to feel concerned about this prospect.
Actually, I’ve been reading about that possibility since the teenage years. Yet, many more startups have thrived and grown. And even more venture capital firms have been set up, with many have gone on to raise various rounds of funds.
So don’t fret the buzz if you are a new startup.
Here are some tips to survive a startup winter:
1. Build something that people want
2. Show the value of what you’re creating
3. Scale without funding
4. Do startup for the right reasons; the hype is really not worth the efforts
Also read: Funding news is not public relations: Building your startup’s story world
5. Work for a startup to learn more
6. When you do, think like a founder
7. Chase the glory of impact, not the glory of funding
8. Always be three steps ahead of your competition
9. Do not succumb to complacency
10. Your startup is not your baby. It’s a business. No one is losing sleep if you don’t succeed; neither should you
Have a great 2020 and may your success be the success of everyone that stands by you!
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Image credit: Ali Inay on Unsplash
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