And though it’s not a foregone conclusion that we’re in one, we’re in more of an economic downturn than this time last year, experts say. Technical.ly reached out to some entrepreneurs and biz experts in our network for the best advice they’d give to early-stage founders right now. “During times of uncertainty, such as COVID-19 or a potential recession, early-stage startups may have an opportunity to use the slowdown to their advantage. I encourage startups to spend on product and people, not legal or finance, no equipment upgrades or conferences and off-site events. CEOs of software companies must be acutely aware that many of their buyers are being asked by senior management to rank the criticality of their technology spend.
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