Default Alive in the Downturn: Surviving the 2022 Reset
The original post is no longer available on X. The full text is preserved at the ThreadReader mirror, which is the recommended read link.
What this teaches
Written at the start of the 2022 correction, the Skillshare founder predicts an unprecedented wave of shutdowns, layoffs, and down rounds over the following 18 months and lays out how founders should get to default alive before the fundraising window closes.
Why it matters
A time-stamped, prescient read on the 2022-23 funding winter from a founder who had operated through prior cycles; preserved via ThreadReader after the original was removed.
Key lessons
- Cut to default alive before you're forced to
- Down rounds and bridges follow booms with a lag
- Raise before you need to when markets turn
This is an editorial summary. The full thread, and the credit, belongs to Mike Karnjanaprakorn.
Read the preserved thread →