Founders of 20+ startups attended the second event, Financial planning for the down market, jointly organized by Startup Bangladesh Limited and IDLC Venture Capital Fund I.
Sonia Bashir Kabir, Ashraf Ahmed, and Syed Javed Noor made the event an insightful one with their experience and knowledge sharing.
Key takeaways from the event –
· Founders must be efficient cash managers – both in the up and the down market – to run a successful business for the long term
· When the market is down, managing working capital required to be prioritized over growth
· If your business is pre-revenue, ship whatever you have built and start generating traction as early as possible
· Down markets are essentially a test of survival – businesses readjusting and surviving through these phases are the ones winning big when they are over