Drowning

I quit twitter temporarily because I was drowning with advice from thought leaders across the sectors. At this time Corona is one thing and financial meltdown is another.

Everyday common news is how founders are giving up entire years’ salary or the whole organization is taking a 25% pay cut.

While some VC’s are sitting next to founders, having regular one to one, webinars another is full of their advice on Twitter and blog.

At this time above everything, we need to treat humans like humans aka with respect and empathy. I liked what Manish has written.

Effort and Incentive

We are lazy. All technological advancement: the washing machine, mixer grinder, and many others invented for the same.

We don’t like changing habits as well. Making someone adapt to a new system is super challenging.

Unless we are incentivized or rewarded 10X our effort, we are not switching our existing workflow.

An incentive for your customers should be number #1 priority in the journey of product development.

luxury

Since IMF is formally announced we are in a recession, a tough time is here. They also mentioned that this one is going to be worst that 2007. I am sure time will tell us more about it.

But in the current scenario, things are messy. We are all indoors, everything is shut and the government is putting all it can to keep people’s life in priority.

Everyone will be harmed by recession including startup. I remember AB, my boss at Minio telling me: companies die when founders give up.

So if you are married to your idea, a startup you will do everything it takes to survive in this tough time. Hang in tight and this will pass.

As a founder one has no luxury to cry. You have you lead as a captain of star fleet from the front in the uncharted territory.

If running a startup was easy everyone would have been building one.


break

Twitter is a great place for connecting, learning sharing ideas. Unfortunately in the current scenario, it has a little sad for me. I am taking a couple of week’s break from it. I have discontinued my account for 20 days.

ww3

It is humankind vs invisible virus, who would have pictured world war 3. This time around we don’t have two camps fighting for superiority or resources. This time it is different, it is about our survival.

War and corona are alike. They both take lives and wealth. Both make the global economy paralyzed.

A war that requires no ammunition but doctors and precautions.