"We've seen softening sails for months now," Aliker says. "It's going to cost 60 dollars to acquire a customer, to spend 90, it's just not worth it." The company has cut back on its marketing and is looking at what happened in the last recession. 'Can we absorb that with such small margins as the company in general? How do you resession freefer?' she asks.
Alan Patricof, Co-Founder of Primetime Partners and Chairman Emeritus & Co-Founder at Greycroft, discusses Thursday's market sell-off, as well as his book "No Red Lights: Reflections on Life, 50 Years in Venture Capital, and Never Driving Alone." Founder and CEO of Farmgirl Flowers, Christina Stembel, discusses the impacts of inflation and supply chain issues on the flower industry. Alan Armstrong, CEO at Williams, breaks down the global energy crunch and how his company is working to bridge the gaps. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.
Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan
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