ترجمه مقاله با رعایت اصول سئو در حوزه استارتاپ
Running a startup company is a damn hard thing. However, in times of crisis, it becomes a question of bare survival by any means. The coronavirus pandemic is a serious crisis, and it will impact your startup. It’s time to switch to wartime CEO.
During the 2008 financial crisis, we were in a similar situation with our startup, kooaba. Actually, when it hit, we were in a due diligence phase with a potential acquirer. They suddenly faced financial challenges themselves and drew back. We ended up running out of cash, and it was impossible to raise any money as most investors stopped all activities. Moreover, we still had to pay the horrendous fees of our lawyers for the due diligence. We faced nine months of bare survival. Thanks to a great team and a lot of luck, we managed to raise the necessary cash at the very last minute to carry on. Kooaba became a success and was acquired early 2014 by Qualcomm and is today part of the AR platform Vuforia.