Yakovenko: Bear markets are great for seed-stage startups
Anatoly Yakovenko · The Playbook: Lessons from 200+ Company Stories · Acquired · Jun 20, 2022 · at 5:08
Anatoly Yakovenko is the co-founder of Solana. He shared advice for startup founders navigating crypto market downturns.
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“So bear markets are hard for like mid-stage companies because they see their like revenues and everything else shrink, but I think they're actually great for seed level companies that are just Small teams of engineers with, you know, running and ramen that have a bright idea and a lot of energy to go execute on it. Your competitors that are bigger are forced to prioritize and forced to take less risk for people that are just really hungry to build the next big thing don't need a lot of funding.”
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