• Be more aggressive about your price: Nothing undermines your negotiating power like desperation. Having money in the bank allows you to say no, which dramatically strengthens your hand.
• Look after your own reputation: Sure, nothing will cement your reputation in the valley like success. But it's still possible to get points for the manner in which you've managed all those alternate scenarios.
Maybe you didn't generate the 10X return your investors were hoping for, but fighting to at least return their original investment is still a materially better outcome than a complete wash out.
Maybe you didn't get your employees the payday that sets them up for life, but at least you landed them in a promising new opportunity as well as getting them "a little something extra" that made their last 18 months of hard work well worth it.
And for you, while you may not have ended up as "the next Zuck" like you had always dreamed, you still did the very best you could under the circumstances. Your employees will know it. Your investors will know it. And most important of all, you'll know it.
Marc Randolph (@mbrandolph) is a veteran Silicon Valley entrepreneur, high tech executive and startup consultant. Most recently Marc was co-founder of the online movie and television streaming service Netflix, serving as their first CEO. He blogs at http://www.marcrandolph.com/