What the operating posture was in Q2 2023

Freezing mode. Capital is expensive and lenders are pulling back. Prioritize survival over growth. The job this quarter is to lock discretionary spend, extend runway, and demand tighter payback before expanding plans.

Standing guidance: lock discretionary spend, extend runway, and demand tighter payback before expanding plans

By Kanav Jain · Jun 30, 2023

Closed period ending Jun 30, 2023. This record does not change.

Operating constraints that applied

• •Shorten payback windows and preserve cash.
• •Delay speculative hiring or large platform rewrites.
• •Route roadmap bets through revenue certainty.

How the period actually split

Derived from 13 weekly readings inside Q2 2023.

• Freezing92% · 12 of 13
• Stormy8% · 1 of 13

Posture changes inside Q2 2023

• Apr 21, 2023Freezing → Stormy
• Apr 28, 2023Stormy → Freezing

Signals of record

• The 1-month Treasury bill (1M)5.24%
• US Treasury 2Y4.87%
• US Treasury 10Y3.81%
• Yield curve slope (10Y - 2Y)-1.06%

Source: US Treasury Daily Treasury Yield Curve Rates (via FRED) · View series

Browse another year

• 2025
• 2024
• 2023
• 2022
• 2021
• 2020
• 2019
• 2018
• 2017
• 2016
• 2015
• 2014
• 2013
• 2012
• 2011
• 2010

What is the posture now?

Q2 2023 is a closed record. The current call, what to do this week, and what would flip it live on the weekly brief.