Business
Today, I’m talking with Einar Vollset, a General Partner at TinySeed, the first startup accelerator designed for bootstrappers, and the Managing Partner at Discretion Capital, a technology enabled Investment Bank focused on M&A, due diligence and strategic partnership development. We’ve had this call scheduled for today, Wednesday, March 18th, for a while and planned to talk about TinySeed Fund 2, but obviously a lot has changed recently. We still get into what’s to come with the next, larger TinySeed Fund, but Einar is one of the most thoughtful investors I know so I wanted to get his perspective on the Coronavirus pandemic and what founders should be thinking about. My company, SaberSim, has been hit pretty hard by all of this. We serve the daily fantasy sports market and with all major sports leagues suspending operations, we decided to pause all billing for our customers, putting a stop to revenue until play resumes. It sucks, to be honest, but we’re fortunate enough to be able to strengthen our cash reserves so we can weather this out without any layoffs and keep building in the meantime. Many companies won’t be as fortunate as we are while others will actually benefit, but every company will feel this in some way. Our chat is realistic and I can’t say we painted a rosy picture, but it’s not all doom and gloom. Einar draws on his experience to offer a unique perspective on what the Coronavirus pandemic means for your business. You won’t want to miss this…