In my career I’ve done 6 turnarounds. They were all successful, but the most painful thing that I had to go through was laying off employees that I could not afford to pay. As one who has had to make cuts many times my heart goes out to you. The good news for me is … Continue reading The Dark Side Of Layoffs
I believe we are in a wage price spiral caused mostly by the federal government. There is some easing in inflation rates, and that’s mostly caused by higher interest rates putting downward pressure on home and car sales, among other things. However, wages should be looked at more closely. The major railroad unions were stopped … Continue reading The Wage Price Spiral
What is it they say, ‘timing is everything’? Andreesen Horowitz raised $4.5b in funding to invest in Crypto and that fund is down 40% in value as of 10/22. This group knows what they are doing but timing can make a HUGE impact. This reminds me of a time as a VC. Tim Draper and … Continue reading How Timing Affects Company Value
In 2018, Jeff Bezos told Amazon employees at an all hands meeting in Seattle “I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.” In a 60 Minute interview in 2019 he said “I don’t worry about … Continue reading The Company Life Cycle (according to Jeff Bezos and me)
I’m greatly puzzled by the metaverse. I get the idea that it represents a three dimensional environment for playing video games, and that it creates ways to enhance product education and promotion. What I do not get is the idea that the metaverse will be a place where people will work, play and live. How … Continue reading What’s The Real Purpose of The Metaverse?