Operating at the Intersection of Technology and the Capital Markets
Category: Entrepreneurship
The grow-at-all-costs venture capital culture of the past 20-plus years ruins companies. How? Far too much focus is placed on revenue growth at the expense of sound operations and profitability. Too many venture-backed companies grow at a pace that far outstrips those companies' ability to scale operations in a manner that supports growth. The result … Continue reading VC Culture Ruins Companies
To celebrate Independence Day we give you Milton Friedman's 10-part "Free To Choose" video series. Free To Choose – Vol. 01: “The Power of the Market” https://youtu.be/dngqR9gcDDw Free To Choose – Vol. 02: “The Tyranny of Control” https://youtu.be/CWgNe8v6KFc Free To Choose – Vol. 03: “Anatomy of Crisis” https://youtu.be/fKz6KrMGj3I Free To Choose – Vol. 04: “From Cradle to Grave.” https://youtu.be/ysf-5MdWDt0 … Continue reading Independence Day Edition
Not sure if your reduction in force ("RIF"), was deep enough? If you must ask yourself that question, the answer is "No". Many publicly-traded Technology CEOs are about to navigate their first recessionary environment. If you are still managing headcount as if you are a venture-owned and operated company, you are carrying far too much … Continue reading Was Your RIF Deep Enough?
Google Health's CEO is to become Cerner's CEO. Google will allocate its Health projects to different parts of the organization. This wreaks of government interference. Cerner and Epic are two prime examples of large, established Healthcare IT players that should have been acquired by some combination of Amazon, Apple, Google or Microsoft by now. The … Continue reading Google To Dissolve Google Health
To date approximately 90% of TEK2day content has been free to readers. That will change on September 1st when the majority of our content will move to "premium" status including 100% of our long-form content. Certain of our articles - those of the single paragraph nature - will remain free to readers. Premium TEK2day articles … Continue reading Nothing’s For Free
Time is wasting away. If you are a big fan of a target company's management team, pay them the extra EBITDA multiple turn if that is what is required to execute your deal. I did not say "gift" them the incremental purchase consideration. Make the management earn it. Create a Management Incentive Plan ("MIP"), for … Continue reading Don’t Allow Pride To Scuttle Your M&A Transaction
The best management teams know to plan for the worst and hope for the best. COVID was a reminder to many business leaders that anything can come out of left field and blind side a business. Despite the COVID lesson we believe that many CEOs and CFOs take certain financial conditions for granted as if … Continue reading Plan for the Worst. Hope for the Best.
Too few CEOs fully leverage the power of variable compensation to drive desired employee behavior and outcomes Last week we discussed the AI CEO vs. the Cyborg CEO. Assuming we could build a CEO with perfect intelligence there remains the question of how that CEO should communicate with his/her direct reports and employee base so … Continue reading Link Variable Compensation To Desired Outcomes
We doubled down on our bet that Federal unemployment benefits will be extended beyond September 6th after listening to Joe Biden tell us that the sky is not blue. The longer these enhanced Federal unemployment benefits remain in force the longer the Labor Participation Rate will remain below 2019 levels. This will continue to impact … Continue reading Federal Unemployment Benefits Will Be Extended In September
Selfless. Dedicated. Hard-working. Humble. Patriot. Hero. These are some of the adjectives that may be used to describe astronaut Michael Collins who passed away Wednesday at the age of 90. We started CEORater several years ago having grown concerned by the fact that investors, companies and CEOs had become overly short-term focused which is long-term … Continue reading Michael Collins Was Everything Today’s CEOs Should Aspire To Be
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