Venture capital firms including Accel, Kalaari, SAIF Partners and Sequoia have advised start-ups to be "prepared for the worst", and urged them to adopt options like pay deferral and reduced salaries for workforce instead of slashing jobs in these difficult times.
In an open letter to start-ups, these VCs pointed out that start-up founders will "inevitably be faced with difficult decisions" on execution for the next 21-30 days, and on how to plan for the next 12-18 months.
"As early-stage investors in India, we are a group that is unequivocally bullish on the long-term outlook for the start-up ecosystem. We believe in