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20VC: From $4.1BN to $142M Market Cap; Why Public Markets Have Written Allbirds Off, What Allbirds Need to Do to Get Profitable, Why Growth has Slowed and The Bull Case for Allbirds Next Five Years with Joey Zwillinger, Co-Founder @ Allbirds
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Leadership, Discipline, and Resilience in Challenging Times
In the past few years, I've gained a lot of growth and wisdom, especially in terms of leadership. Success has many contributors, but failure only has one. Being self-aware and disciplined, both in good and bad times, is essential for effective leadership. It's important to bring out the best in others and ensure that new leaders have the same dedication, resilience, and work ethic. We hadn't faced many challenges before, but when things started going downhill, we made significant reductions in business investments, leading to a decline in sales for the first time. We cut back on distribution, products, and marketing to address excess inventory and improve our core offerings. Cleaning up inventory has been our top financial priority this year. Overall, we had to make adjustments and refocus to overcome the challenges and restore our success.
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