Tom Loverro

Tom Loverro: The Ultimate Startup Survival Guide for 2023 | 20VC #977

Tom Loverro, Harry Stebbings

Amid a market correction aligning private valuations with 2016–2018 public multiples, the session outlines strategies for founders to navigate impending down rounds and extend runway by initiating fundraising with six to seven months of capital remaining. Industry veteran Tom emphasizes operational discipline, such as maintaining core R&D while cutting costs and hiring experienced executives, to survive a downturn predicted to be more severe than the Great Financial Crisis. The discussion further addresses shifting investor dynamics, including the return of multi-year deployment cycles and the critical importance of governance as capital becomes more selective and concentrated on fundamentals-driven diligence.