One start-up investor told companies to scrap 2020 forecasts and just get through the quarter
Jason Green, a partner at Emergence Capital, is telling start-ups that a long-term plan right now doesn't make much sense.
For companies that aren't in position to trade growth for profitability, they either have to cut costs or raise capital, he said.Emergence Capital co-founder Jason Green with SalesLoft CEO Kyle PorterVenture capitalist Jason Green has been around the tech industry for well over two decades, long enough to experience the dot-com boom and bust as well as the housing crash and subsequent 11-year bull market.
"I'm proactively telling everyone to forget their year plan," said Green, co-founder of Emergence Capital, in an interview over Zoom this week, following California Governor Gavin Newsom'sStocks plunged on Friday, closing out thefor the Dow Jones Industrial Average since the 2008 financial crisis.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One More Coronavirus Fear: Will Trump Sabotage the 2020 Election?Ohio Senator Sherrod Brown said his state’s decision this week to postpone a Democratic primary shouldn’t become a precedent for Trump to try and delay November’s election.
Read more »
The 2020 Met Gala Has Been Postponed IndefinitelyThe annual event had been scheduled for the first Monday in May, May 4.
Read more »
Coronavirus live updates: How the New York elite got tested, Coca-Cola pulls its 2020 outlookAs of Friday, more than 245,000 cases of coronavirus have been reported, resulting in at least 10,031 deaths.
Read more »
2020 Beale Street Music Festival Postponed: CoronavirusThe BealeStMusicFes has been postponed because of the coronavirus outbreak BSMF20
Read more »
Coca-Cola withdraws 2020 outlook amid coronavirus pandemicCoca-Cola on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
Read more »