How AI and remote work is coming for your job | E1940

30 snips

Apr 29, 2024

Jeff Richards, managing partner at Notable Capital, brings years of venture capital expertise, while Ryan Denehy, CEO of Electric.ai, focuses on simplifying IT for small businesses. They discuss the rise of down rounds in startup funding and the importance of financial responsibility during market shifts. The conversation delves into the transformative impact of AI and remote work on job availability, highlighting how businesses can adapt operations and leverage technology for growth. Insights on navigating challenges in the IT landscape for small businesses are also shared.

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INSIGHT

Down Rounds Undisclosed

Down rounds are common, but often undisclosed, like plastic surgery in Hollywood.
Most tech companies that raised capital in 2021-22 are now worth less, regardless of growth.

ADVICE

Long-Term Focus

Focus on long-term value creation, not short-term valuation fluctuations.
Secure necessary capital and prioritize building a sustainable business.

ADVICE

Financial Prudence

Profitability and substantial cash reserves are crucial for navigating market downturns.
Secure funding during favorable market conditions.

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