Many founders may not have that kind of cash cushion because they started very early in their careers. In such instances, it comes down to reducing costs to sustain the business for the next twelve months at least. You will have to live on subsistence compensation. You will have to cut down both your personal and business expenses so you can last longer. In Bengaluru, people have an advantage because many tech founders have started the companies, so they can continue to code or build a product for the next twelve months, and funding will still be available. If you look at it, a lot of funds are sitting on a lot of cash. I am sure they are not investing right now, given the sort of uncertainty we are facing now. But I am sure some form of funding will come back, and that will be a question of whether the business is perceived as valuable or not. The risk profile will definitely change, and so will the valuation.
EITHER YOU PICK SOMEONE WHO HAPPENS TO HAVE SPENT A LOT OF TIME IN THIS INDUSTRY AND IS VERY PASSIONATE, SAYING I WANT TO PUT IN MONEY IN THIS SPACE BECAUSE I GET IT, I GET THE LANDSCAPE, OR YOU WOULD HAVE TO FIND SOMEONE WHO KNOWS THE PLAYBOOK VERY WELL AND BRINGS VALUE.
— SUDHEER KONERU