Episode description
In this episode we discuss the myth of the 'bet it all' startup mentality. They highlight the importance of downside risk planning and how successful risk management plays a crucial role in startup success
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Resources:
Startup Therapy Podcast
https://www.startups.com/community/startup-therapy
Website
https://www.startups.com/begin
LinkedIn
https://www.linkedin.com/company/startups-co/
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Wil Schroter
https://www.linkedin.com/in/wilschroter/
Ryan Rutan
https://www.linkedin.com/in/ryan-rutan/
What to listen for:
00:00 Introduction to Startup Therapy
00:28 The Myth of Betting It All
01:36 The Reality of Downside Protection
06:18 Case Study: The Zirtual Acquisition
11:24 The Importance of Backup Plans
18:58 Conclusion and Final Thoughts