David Sacks shares how PayPal & Trulia Navigated Downturns

Key Points

• David Sachs and Pete Flint share their experiences of leading companies like PayPal, Yammer, and Trulia through economic downturns, emphasizing the opportunities for growth and innovation during these challenging times.
• They discuss the importance of having a clear understanding of a company's cash position, recommending that startups aim for at least two years of runway to adapt to market disruptions and demonstrate the viability of new business models.
• The conversation highlights the critical nature of transparent communication with teams, the necessity of quick decision-making in response to changing circumstances, and the need for founders to let go of legacy thinking to successfully navigate a crisis.