Below is a list of articles, memos, documents, essays and interviews for founders on how to respond best in the wake of the coronavirus pandemic and ensure the best possible outcome for your company. This is an extraordinary time and we all need to work hard to ensure the well-being of our families, our teams, and our businesses.
1. Best Practices for Founders in the wake of COVID-19
This document, written by Accel, Bessemer Venture Partners, Chiratae Ventures, Kalaari Capital, Lightspeed, Matrix Partners India, Nexus Venture Partners, Omidyar Network India, SAIF Partners, Sequoia Capital India, “covers how to manage high risk and uncertainty and how to approach worst-case scenario planning.” This is an extraordinary time. As consumer demands continue to suffer, all kinds of businesses are facing hard times. This is a particularly precarious time for startups. Almost every startup, apart from a few categories that deal with basic necessities, are facing significant revenue loss. In this situation, the importance of making the right decisions are of paramount importance. This document offers a comprehensive guideline for founders to deal with various aspects of their business amid coronavirus pandemic.
2. Coronavirus: The Black Swan of 2020
This memo that Sequoia Capital sent to its portfolio founders and CEOs in the wake of the coronavirus pandemic offers excellent insight into how to ensure the health of your business in this crisis.
3. Advice from a venture capitalist for startups during coronavirus
This excellent piece from Nikkei Asia suggests Founders and CEOs must over-communicate with staff and make capital last.
4. COVID-19 Response Strategy for Startups: 9 Ideas To Ensure Health of Your Business Amid Coronavirus Outbreak
We published a list of ideas for founders to overcome challenges created by coronavirus pandemic.
5. This Founder Built Startups in 2008, 2016 and 2018. Here’s What He’s Learned About Resiliency
In this excellent story from the First Round Review, Bob Moore offers his experience of building companies during difficult times.
Broad tips: here are some broad tips we have gathered based on the above documents and insights: