Johen Doerr, Valley’s most successful VC and board member of Google Inc has 10 tips for startup founders on how they can survive the downturn. John’s 10 commandments are,

  • Act now
  • Protect core of your business
  • Have 18 months or more of cash
  • Don’t spend on PC and expensive software and use Web based Services [Maybe Open Source ?]
  • Negotiate with clients , terms contacts etc
  • Everybody in the company should be selling including receptionist – SELL the product should be the underlying tone
  • Stop cash bonus and salaries – reward with equities
  • Keep you cash in most secure instruments – US Treasury not Money Market
  • Revenues of 90 days in Advance
  • Over communicate to everybody that mater to your business

Courtesy: AllThingsDigital