Solana Labs Co-Founder Advocates Quarterly ‘Pre-Mortem’ Planning for Crypto Founders Amid Market Uncertainty

In a recent update on May 26th, co-founder of Solana Labs, Toly, emphasized the importance of proactive risk management in the cryptocurrency sector. He proposed that founders undertake a quarterly “pre-mortem” assessment to brace for a potential significant market contraction. Toly highlighted three critical inquiries for consideration: firstly, in the event of a 95% market crash, what strategic product development initiatives should be prioritized for the following 18 months? Secondly, what caliber of core team is necessary to navigate adverse conditions? Lastly, he urged founders to evaluate if their short-term treasury holdings are sufficient to sustain operations during prolonged downturns. This forward-thinking approach is designed to equip crypto entrepreneurs with the frameworks needed to enhance survivability and foster sustained growth amidst market volatility.