My good friend Anne Dwane (General Partner at an early-stage venture capital firm, Village Global) joins me in this episode of Stuck@Om to chat about how we are both navigating life at home during a pandemic. Anne and I have both lives through multiple downturns — the dotcom crash, the 2008 meltdown and of course, the present. So it is obvious we talked about how her experiences through those tough times have given her some insights into navigating the current crisis.
We question if startups will have to deal with salary cuts, layoffs, furloughs, and elimination of non-essential expenses? Ann proposed a thought exercise — If elements of our ‘new normal’ are retained once we emerge from this pandemic, does that change the nature of the startup? Must they already plan to adapt, change strategies, or implement a full pivot?
Anne points out that we’re living through a threat to our health and way of life that also happens to have an economic impact. We are living in unprecedented times. She believes that the best entrepreneurs realize when the rules of the game have changed. We must learn how to adapt and be thoughtful with our communication.
In addition, we talked about Anne’s practice of doing something kind for someone else to help ease the hopelessness we’re all feeling. How a simple thing like a phone call, an encouraging email, or a donation to someone in need can make a lasting impact.
These are just a few of the topics Anne and I peruse in this conversation among friends. Take a moment to listen.
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