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Oct
'0830
Kleiner Perkins Caufield & Byers’ own VC, John Doerr, presented his 10 Tips for Start-Ups at VentureBeat’s four-hour, roundtable conference at the Stanford Park Hotel, Palo Alto, CA, on 10/29/08. Intended to provide context and advice for start-up CEOs and founders facing the recession , its panel of nine included names such as PayPal co-founder, Max Levchin, and early Google VC, Ram Shriram. Condensed, Doerr’s tips included:
- Act now!
- Protect the vital core of your business. Use a scalpel instead of an ax.
- Get 18 mos or more of cash in the biz against a conservative revenue broadcast.
- Defer any facilities expansions and be frugal in captial expenditures.
– instead of buying more PCs and software, use web-based technologies
– reprioritize all - Negotiate with vendors / others.
- Everyone in organization should be selling.
- Offer equity instead of cash when dealing with bonuses.
- Pay attention to where your cash is.
– put it in most secure instruments
– consider treasuries - For revenue planning, use leading indicators.
- Over-communicate.
Watch the full 4m 12s video, made available by BoomTown, below:
(note… audio adjustment required after BoomTown intro to hear fully.)
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