388: Twitter’s “Warning Shot” and What to Look for When Investing in Tech

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 27 February 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Twitter’s massive layoffs affected the tech industry more than people think. For years, tech stocks ran with enormous valuations, with over-inflated workforces of employees getting paid six-figure salaries with even more impressive bonus packages. This wasn’t sustainable by any means, and as a new type of CEO steps in, tech companies are looking to get leaner, more operationally efficient, and return to their startup-like roots. But how does this reforming tech market affect the US economy? We brought on Aman Verjee, founder of Practical Venture Capital, to explain what’s happening in Silicon Valley and what it means for your finances. Aman has worked in the tech sector for almost as long as it’s been relevant. FromPayPal to eBay, Sonos, and more, Aman has been on the ground floor of some of the most promising tech companies, helping them operate with leaner teams while bringing in bigger revenues. And as an industry expert, Aman isn’t surprised or disappointed by the recent tech layoffs. He touches on why these layoffs aren’t what most people think, how they could affect the overall economy, what CEOs need to know to survive this market, and what everyday investors should look at BEFORE buying tech stocks. Aman’s practical advice is CRUCIAL for anyone investing. And as the stock market becomes more and more tech-centered, knowing some of this information could help you make FAR more lucrative decisions on which companies you’re rooting for. In This Episode We Cover Tech layoffs in 2023 and why the number of employees being cut isn’t what it seems Twitter’s “warning shot” that sent other CEOs into an efficiency-first mode Work-from-home culture and whether or not a return to the office is happening What to look for in a tech company that’s about to IPO and telltale signs of solid growth Investing in public markets and why Warren Buffet’s super simple advice still applies What business owners should know when trying to grow and scale their small businesses And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy’s 2022 Live Spending Tracker and Budget Money Moment Annual Event 2022 - Peter Zeihan Presentation Silicon Valley Investors Club Finance Friday: First Down Market? Here’s How to Stop Stressing Surviving a Layoff: What HR Wants You to Know? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-388 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast where we interview a mod for G and talk about the state of the tech industry.
0:06.8	Hello, hello, hello, my name is Mindy Jenton and with me as always is my super nerd co-host, Scott Chunch.
0:12.6	Thanks Mindy, it's great to be here.
0:14.4	Scott and I are here to make financial independence less scary, less just for somebody else.
0:19.7	To introduce you to every money story because we truly believe financial freedom is attainable for everyone,
0:25.2	no matter when or where you're starting.
0:27.4	That's right, whether you want to retire early and travel the world, go on to make big time investments and assets like real estate,
0:31.9	start your own business, or think about the technology industry like a seasoned technology CFO.
0:39.6	We'll help you reach your financial goals and get money out of the way so you can launch yourself towards those dreams.
0:43.6	Scott, I am so excited to talk to Amon today.
0:48.0	He was introduced to us by our friend Jordan Tibedo who runs the Silicon Valley Investors Club on Facebook.
0:55.2	Amon has a huge amount of experience in the tech industry and is kind of the perfect person to talk to you today.
1:03.2	So I am excited to bring him in in just a moment, but first we're going to give you our money moment.
1:09.2	This is a new segment where we share a money hack tip or trick to help you on your financial journey.
1:15.6	Today's money moment is if you're traveling overseas, skip exchanging currency at the airport.
1:21.9	Exchanging at the airport is one of the most expensive ways to trade US dollars.
1:26.7	Instead, you can order currency at your local bank or credit union for pickup before you leave.
1:33.7	In addition, you can also use a debit or credit card that has no foreign transaction fees or ATM fees.
1:40.9	If you have a money tip for us, please email moneymoment at biggerpockets.com.
1:46.2	Some men as a reminder, we're always looking for guests to come on the show to share their money story
1:50.0	or to be coached on our finance Friday episodes.
1:52.6	So if you're interested, please apply at biggerpockets.com slash guest or biggerpockets.com slash
	...

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