article thumbnail

Praying to the God of Valuation

Both Sides of the Table

Between 2006–2008 I sold both companies that I had started and became a VC. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). And it changed the culture. It was nobody’s fault. It’s just a market.

VC 466
article thumbnail

The Benefits of Starting a Business During a Recession

StartupNation

Induced by a pandemic and unprecedented state responses, it is even worse than the last international period of economic decline witnessed in 2008. During the period of economic turbulence in 2008, I formed my technology consultancy firm, ROCK. For most, 2008 was a time to avoid risk. Client first.

culture 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Everyone Should Take Away from Twitter’s 8% Staff Reductions

Both Sides of the Table

And I actually think we could learn a lot from public investors even if we don’t always feel culturally aligned. We have an entire generation of startup founders who don’t have muscle memory from getting their burn rates back into shape from 2008/09 or 2001-2005. Some companies have to go first. Others will follow.

VC 392
article thumbnail

Building Business Community: Focus on Cooperation, Not Competition

Entrepreneur's Handbook

Competition became an integral part of society due to historical, cultural, and other factors. At other times, they just copy someone else’s strategy and try to implement it. For instance, in 2008, UPS agreed to ship DHL’s packages (because DHL couldn’t do it at the time and asked a competitor for help). In some way, yes.

article thumbnail

Unlocking Prosperity and Progress: Latinos at the Helm of Nearshoring’s Potential

Entrepreneurs' Organization

Language and cultural affinity: Language barriers are often reduced when nearshoring to Latin America, as many countries have a significant populations of English speakers. Additionally, cultural similarities can facilitate smoother business interactions and customer service. On a personal note, I’ve been there.

article thumbnail

Lessons Learned After 15 Years in Business

Entrepreneurs' Organization

The strategy of 2008 serves as a pivotal lesson of our 15-year life. Back in 2008, our team did a vision exercise: What would Ruby look like at 10 times our current size? What would our culture look like? Bonus lesson: Mistakes are the fertile ground of innovation! We grew our customer count 30% in 2009. Our offering?

article thumbnail

Birdzeye’s Norlock is Helping Minority Owned Businesses Gain Equal Access to North American Retail…

Jason Malki

He specializes in Identifying new lucrative markets, implementing and developing creative strategies, and fun-damental relationship building which have been pivotal in launching new products and guiding companies toward new revenue heights. While managing Sales + Strategy over the last 5.5 global revenue.