Higher interest rates, fragmented platforms, WFH uncertainty, VC funding declines, generational blending and technology shifts are going to force a new level of quality to be demanded by businesses.

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SHOW NOTES:

A few charts about Q2 VC funding (Josh Wolfe)

“THAT’S A ZERO INTEREST RATE PROBLEM, BRO!”

The power dynamics have changed and continue to change (money, location, communications, etc.)
Dumb money is getting harder to find, hence ideas need to be better and execution needs to be better

EXPECTATIONS OF HIGHER QUALITY ARE GOING TO RISE SIGNIFICANTLY

The unicorn boom of 2020-2022 will face a reckoning by the end of 2023 or mid-2024
VC funding is getting harder to obtain
Higher interest rates are going to create higher (internal) hurdle rates within companies
Social media channels are fragmenting
Working collaboratively is getting more difficult because of both WFH fragmentation and generational fragmentation
Collaboration will be needed to teach what is expected and acceptable
AI is going to create a new level of “commodity” of tasks and product capabilities
Customers are going to have new pricing power as they watch vendor sales slow down

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