I’m excited about 2023 and the innovation that will come from this moment in time. On the one hand, many companies unfortunately are coming off a second round of layoffs as uncertainty persists about whether the coming year looks bleaker than the last. But while some are treading water as they “wait and see” how things transpire, others are looking around at their relative opportunity set and thinking about starting a company in a way they may not have considered in the boom of 2021. It’s a unique and powerful combination of necessity and opportunity. As many have written about in recent weeks, times like these have historically yielded many category defining companies and I believe this time will be no different.
we'll have some stuff for you :)
Medha - Really find your articles/ thinking in the B2B Fintech space insightful. Question for you - Do you expect consolidation in the Payments space (esp Payables, Receivables, Cash Mgmt) for SMB's given how fragmented the place is with the groth/ funding tapering off or do you believe that they can all survive given that they make money. IF consolidation who will lead it. Also for a new startup ideas, where do you see the gap for building a new company