Investors supporting startups in difficult economic times are frequently called on to give advice to CEOs trying to cope. Financial issues like the cash-out date and how to raise money are always central questions, but reducing financial burn for a pre- or early-revenue startup is not the only challenge. Difficult times add an additional layer of stress to a job that is already extraordinarily stressful, and that can lead to major burnout.
Wanting to be a supportive investor does not mean you will always know what to say or have creative ideas to share. So when we recently gathered 35 of Launchpad’s portfolio CEOs for a Summit that happened to coincide with the start of a downturn, we took the opportunity to ask them all for ways they have been managing both “burn” and “burn out.” Here are the ideas they shared with us.
