Suggestions
Vik Kathuria
CEO, CRO, GM, SVP, Advisor to Growth Ventures (Multiple Exits)
Vik Kathuria is a highly accomplished business leader with a proven track record in building and expanding businesses globally across various industries such as SAAS, Data, Media, D2C, and E-Commerce. With a results-driven and strategic mindset, Vik has successfully grown companies from venture-backed startups to multi-billion dollar enterprises, significantly boosting revenue and margins. He excels in customer-centric sales leadership, driving revenue growth, managing P&Ls, and nurturing top sales teams in North America, EMEA, and APAC.
Highlights
https://lnkd.in/e2aaQzbJ?
Billy McFarland is a little over a year into planning Fyre Festival II, and he still doesn’t know where it’s going to be. Or when. Or who’s performing. But he says it’s definitely happening. One hundred percent, absolutely for-sure happening.
After all, he’s already sold tickets.
“I shouldn’t talk in absolutes, but I will here,” McFarland says between sips of a matcha latte on a sweltering June day. “Fyre II has to work.”
Fyre I was so bad that McFarland spent four years in prison for it: He sold tickets to a luxury concert experience, and then didn’t deliver the performers or food or venue or anything else that he promised.
This time, though, he has learned important lessons and won’t sell tickets until he has made sure he can get the … oh wait sorry never mind he’s already sold tickets, I’m sure it’s still fine though.
https://lnkd.in/eBmPKXv5?
Average employee count for new companies used to hover between 5 and 6, but dropped to 4.6 in 2021, in part due to a denominator effect—there were a lot of new ventures launched during Covid, and plenty of them were solo operations.
The optimal headcount for a new company probably trends down over time as more necessary actions get packaged into something-as-a-service and sold that way. But that also means that the -as-a-service companies will tend to get bigger, because their existence creates a larger potential base of customers (it would be interesting for someone like AWS or Stripe to try to determine roughly what share of their revenue comes from companies that, if their service didn't exist, wouldn't exist either).
This is partly a broad technology story, but it's also a more specific transaction cost story: the main change is not just that there are more service providers, but that they're easier to find. Success in small business is increasingly an art of looking at a mostly-assembled puzzle and crafting a handful of missing pieces.
