How to deal with downturns in economy if you are a startup

Sequoia Capital held a meeting a few days ago with all of its portfolio companies, telling them how to adjust to current economic conditions. Somebody leaked the slides from the meeting (see link below). Very interesting. You have to get to slide 37 for anything resembling a hopeful message (Amazon.com and Salesforce.com’ s successful growth during the downturn of the early 2000’s).
Check here for the slides
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I also embedded the slides here:

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