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Rob Walling

Supporting Our Team in Ukraine While Building 4 Startups and 5 Client Projects with Andrew Amann

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AI-generated summary. Check the original video for context and accuracy. Translated into English with AI.

Overview

Andrew Amann, CEO of NineTwoThree Studio, shares his experience of supporting 25 team members in Ukraine while maintaining 4 startups and 5 client projects at the start of the war. A practical story of crisis management and business continuity.

Key points

Within hours of the war's outbreak, they checked on the safety of all 25 team members in Ukraine and created a spreadsheet to track their real-time locations.

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On the second day of the war, they committed to paying all team members' salaries regardless of their work contribution. As Bank of America blocked transfers, they secured an additional $100,000 of working capital.

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Utilizing EOS (Entrepreneurial Operating System)'s crisis response IDS (Issue Solving Track), they focused on three priority issues: ensuring team safety, completing client work, and securing new revenue streams.

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Although the utilization rate plummeted from 65% to 24% at the start of the war, they responded by hiring new developers in Poland at a rate of one for every two developers in Ukraine.

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Most remarkably, starting on Tuesday, Ukrainian team members voluntarily resumed working from basements and parking garages, recovering the same utilization rate as before the war by Thursday afternoon.

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To secure new revenue streams, they called every customer who had expressed interest in app development over the past year, succeeding in doubling NineTwoThree Studio's revenue in five weeks, and securing enough profit to support the team for at least five months.

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While it is an entrepreneur's responsibility to create products, we must not forget the humans behind the code and screens. Beyond dreaming of products that change the world, we can also change the world for our team members.

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