How to Save Your Startup from a Sudden Shutdown

In this video, we look at platform risk. How can it suddenly hit a startup and be a threat to the startup, in many cases if a life-and-death situation for the startup?

We talk to Mathias Hermansen, founder of GamerPay, who shares his experience of nearly losing his platform due to a sudden API shutdown. He discusses the challenges of operating a marketplace for gaming skins and the platform risks associated with relying on external entities.

Matthias and his team were able to pivot quickly and develop a manual solution to regain control. Transparent communication with the community was crucial in maintaining trust.

Despite the initial setback, GamerPay bounced back with the support of its loyal user base. The experience highlights the importance of contingency plans, open communication, and resilience in the face of unexpected challenges.

Guest: Mathias Hermansen
LinkedIn: https://www.linkedin.com/in/mathias-hermansen/
Gamerpay: https://gamerpay.gg/

Full Interview with Mathias:
https://youtu.be/OfO5UVuspMQ?si=Fowea9U7JNTlyam_

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Chapters
00:00 Preparing for Unexpected Challenges
02:13 The Heart Attack: API Shutdown
04:07 The Lifeline of Transparent Communication
05:26 Building Trust and Loyalty
06:18 Reducing Platform Risk
07:13 Resilience and Adaptability

#platformrisk #gamerpay #startups