For gross margin, your only solution is raised prices. How you do that in this environment is very straightforward but very hard for people to get their minds around. Michael Dell's business and the brilliance of Michael Dell early on, absolute brilliance is he created the first negative working capital computer model. So somebody would buy it and they'd assemble it and ship it. And that allowed them to grow with very little investment because they were essentially using the customer order dollars as the starting point.
(0:00) Jason Kicks off the show
(2:49) Brad Feld, Co-founder of Foundry, talks about starting out in investing
(13:30) LinkedIn Jobs - Post your first job for free at https://linkedin.com/angel
(14:56) Brad’s thesis for whom he’ll get in the “trenches” with
(20:48) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups
(22:22) Fighting to the end + Investing through the dot-com bubble
(38:13) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(39:43) Surviving the GFC
(44:23) Brad’s perspective on the investor/CEO dynamic + being a leader in a down market
(1:00:02) Reflecting on the speculative asset bubble
(1:16:44) Looking forward into 2023
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