This Week in Startups
Cuts CEO Talks Tariffs, Figma's IPO Buzz, and a Nerd Crawler Update | E2113
Apr 17, 2025
Steven Borrelli, CEO of Cuts Clothing and e-commerce expert, discusses the unsettling impact of tariffs on his business and the larger retail landscape. He shares insights on how these policies affect supply chains and pricing, urging a focus on American craftsmanship. The conversation shifts to the recent buzz around Figma's IPO and the competitive dynamics shaping the tech market. Borrelli also touches on the challenges e-commerce faces amidst a changing economic environment, highlighting the necessity for startups to adapt strategically.
01:06:53
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Quick takeaways
- The impact of sweeping tariffs is crippling e-commerce companies like Cuts Clothing, leading to layoffs and halted operations.
- Figma's unexpected IPO filing reflects the competitive landscape and evolving dynamics in the tech startup sector after its separation from Adobe.
Deep dives
Impact of Tariffs on E-Commerce
The disruptive effects of tariffs on e-commerce businesses are significant and immediate. Businesses like Cuts Clothing face crippling tariff rates of up to 245%, which limit their ability to sell inventory and maintain profitability. Such financial pressure forces companies to halt operations, slow inventory turnover, and consider drastic measures like layoffs. There’s a prevalent concern among CEOs that these tariffs will lead to widespread job losses in American companies reliant on global supply chains.
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