Below is an excerpt of the letter we sent to Giant Leap founders last week, in response to the escalating COVID-19 crisis. We realise that market conditions are changing at an unprecedented pace, but we trust the guiding principles will be relevant to founders throughout present and future periods of uncertainty.
We hope you and your families are keeping safe and well.
The Giant Leap Team
We’ve already fielded a number of questions from founders about what COVID-19 could mean for growing their startup.
Our commitment to you is that we’ll be empathetic and understanding as we all navigate this complex and uncertain phase together. As a testament to that, we wanted to put out an FAQ to give founders some certainty and reassurance.
It is important to first acknowledge that this situation is unprecedented and as such it is impossible to know the correct course of action. There is a spectrum between being prudent and alarmist. It is more important than ever to show compassion and ensure we take care of each other.
This isn’t an exhaustive “what to do about COVID-19” note (your market and business will undoubtedly have specific characteristics and nuances).
We feel Australia is fortunate in being an island nation, currently with warmer weather than more affected countries and with a strong healthcare system so we can be positive in our outlook.
However, to help dampen the curve of the spread of COVID-19 we feel it appropriate to have a plan based on current facts and to take swift action.
We may update this as the situation evolves, but above all, we’ll be taking care of one another, and hopefully helping you do the same.
How should I manage my team during the COVID-19 outbreak?
We suggest founders adopt the following principles during this period.
What should I do if COVID-19 affects my ability to do business?
COVID-19 is likely to affect every business — big or small. Below we’ve included some general advice.
On reflection the COVID-19 outbreak like the Australian bushfires demonstrates the interconnected fabric of the society that we live in and to have a resilient economy we need to build and support strong environmentally and socially resilient local communities.
Through adversity comes opportunity.
Small Steps Vol. 57: Interactive maps of future climate scenarios 🗺️; impact insights from gamers 🎮; and fiction creating reality 📺
Giant Leap's impact thesis for Who Gives A Crap, the sustainable toilet paper company that builds toilets.