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.
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