August 16, 2022, Opinion: "For the past six months, there has been a lot of handwringing about the market downturn. Most everyone has been advising entrepreneurs to marshal their capital, cut costs, and extend their runway. In essence, play defense. Many investors have been creating a whiplash effect with their portfolio companies. As one of my CEOs put to me, wryly: “In my January board meeting, I wasn’t hiring and scaling fast enough and told to ‘go, go’, go’. In my April board meeting, I was burning too fast and was told to ‘stop, stop, stop’.” Her experience rhymes with many stories I’ve heard."
Non-HKS Harvard Faculty Author Website - Jeffrey Bussgang