The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: TripActions CEO Ariel Cohen on The Future of Business and Personal Travel & Layoffs; How To Do Them The Right Way & Maintain Company Culture and Morale
May 22, 2020
Ariel Cohen, the Founder and CEO of TripActions, shares his journey from Israel to the U.S. and the creation of a leading business travel platform. He discusses the impact of COVID-19 on the travel industry and highlights key strategies for handling layoffs with empathy and transparency. Ariel outlines how companies can navigate financial challenges while maintaining culture during tough times. He also predicts the future of business travel and explores how technology, like Zoom, will reshape travel needs in the coming years.
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Ariel's Path to Entrepreneurship
- Ariel Cohen moved to Silicon Valley in 2009 to pursue entrepreneurship.
- His first startup, StreamOnce, was acquired by Jive Software after nine months.
The Importance of Travel
- Travel, especially business travel, is crucial for economic growth and human connection.
- Video conferencing is efficient, but it lacks the depth of in-person interaction.
Conducting Layoffs Respectfully
- Layoffs are always difficult, especially when done remotely.
- In-person communication is crucial for conveying empathy and understanding.
