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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