When answering this question, focus on a specific challenge you faced in a startup setting. Describe the context and the nature of the challenge in detail. Explain the steps you took to address the issue, emphasizing your problem-solving skills, creativity, and resilience. Highlight the outcome and what you learned from the experience. For example:
"In my previous startup, we faced a significant cash flow problem that threatened our operations. I led the effort to secure bridge financing by negotiating with investors and cutting non-essential expenses. This not only kept us afloat but also taught me the importance of financial prudence and investor relations."
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