Big VC Firm Shows Where Economy Is At (and How This Will Affect Your Growth Big Time)

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Marketing, Business

4.6 • 1.4K Ratings

🗓️ 9 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #2530, Eric and Neil discuss how a big VC firm shows where the economy is at (and how this will affect your growth big time!). The end of free money is over and we’ve entered a period of rational valuations, innovation, and profitable growth, which has huge implications for marketers. Tune in today to hear how to approach fundraising, hiring, and investing to help your business thrive in the current landscape. Hint: efficiency is key! TIME-STAMPED SHOW NOTES: [00:00] Today’s topic: Big VC Firm Shows Where Economy Is At (and How This Will Affect Your Growth Big Time) [00:56] Companies that make up the ‘Magnificent Seven.’ [01:01] How most companies are faring economically compared to the ‘Magnificent Seven.’ [02:00] Elements that characterized the era of free money. [02:20] Factors that indicate the end of the free-money era, and what this means for marketers. [03:08] The importance of prioritizing the hiring of high-quality team members. [04:40] How business leaders approach growth differently in good and bad markets. [05:13] An overview of the current fundraising, hiring, and investment landscapes. [05:46] The key players that business leaders should be hiring right now [06:29] A story that epitomizes the current business environment. [08:19] Memorable quotes on pivoting from some of the world’s top business leaders. [08:46] That’s it for today! Don’t forget to rate, review, and subscribe! Go to https://www.marketingschool.io to learn more! Links Mentioned in Today’s Episode: Don’t forget to help us grow by subscribing and liking on YouTube! Sign up for the next Marketing Mastermind class on Leveling Up Founders Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Single Grain << Eric’s ad agency NP Digital << Neil’s ad agency Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	So a big VC firm shows where the economy is currently at right now and how this is going to affect your growth big time in the world of marketing and business.
0:08.3	So I'm going to reveal some slides over here.
0:10.2	This is from Kothu and they did a summit called East Meets West so basically like Asia
0:15.3	meeting kind of the West and they did a summit and I wanted to share some slides over here and
0:20.1	Nieels I'm pretty sure you haven't seen this maybe have, but I'm pretty sure you're going to read this after when I link you after we're done recording today.
0:27.0	So there's a bunch of slides here, and you can see my screen, yes?
0:31.0	Yeah. But I can see your screen. Is it bigger now?
0:35.0	Not for me, but it could just because we're on Riverside.
0:38.0	Oh, you know what, here, let me do this real quick.
0:41.0	Let's do this. Okay here we go. All right, you see this?
0:47.0	Yeah, yeah. Okay, cool. So you can see what's going on in the economy right now.
0:52.0	Where my cursor is, the... You can see what's going on in the economy right now.
0:52.6	Where my cursor is, the green is showing the Magnificent 7.
0:57.8	This is Microsoft, and video, Google, Apple,
1:00.0	Meta, Amazon, and Tesla.
1:01.6	So people are like, oh my God, the economy is up, you know,
1:04.0	the S&P is up 20% this year.
1:05.8	Oh, you know who's really lifting it up?
1:07.7	It's D7 companies.
1:08.8	The rest, the 493 other ones.
1:11.0	Yeah, but a lot of us know that, right?
1:13.0	Like, Apple has really crushed it this year.
	...

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