The recent economic downturn has already had a profound impact on tech startups. Many midstage companies are struggling to raise funds or receive valuations they view as fair, leaving many to wonder how they’ll survive the next year or more and come out of the other side of the downturn intact.

With startup leaders in need of guidance, Midstage Institute co-founders Roland Siebelink and Doug Miller have put together a two-part podcast about what startup leaders can do during the current downturn and how to lead during lean times. In the first part of their conversation on the Midstage Startup Momentum Podcast, Roland and Doug talk about their experience in past economic downturns and how founders can respond to the current situation.