In 2022, the world changed for many startups as there was a significant downturn in the economy and specifically the funding market. In this video, we share the story of Metafy, a gaming education startup that went from fast-moving growth to two rounds of layoffs.

We chat with Victor Folmann VP at Metafy and highlight their five hard-learned lessons from navigating the downturn.

Lesson 1: Find and Act on Realities Fast - Time is everything in a crisis. React fast to save a lot of money and cut costs before it's too late.

Lesson 2: Become Default Investable or Default Alive - Make cuts in cost without losing too much revenue to survive the crisis.

Lesson 3: Cut More Than You Think You Need - Cut everything that doesn't contribute to revenue and be rational, not emotional.

Lesson 4: Be Rational, Not Emotional - Don't let emotions get in the way of rational decisions.

Lesson 5: Be 100% Transparent with the Team - Be transparent with the team and keep them informed of the changes to avoid uncertainty and anxiety.

Victor Folmann on LinkedIn:
  / victor-folmann  

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