towards the end As of 2022, many entrepreneurs (some citing Elon Musk) plan to revive in-person work cultures in the coming year to boost productivity and, in some cases, loyalty. He told me he was making plans. One founder even told me over a drink that he wasn’t worried about losing his talent.
Some founders are clearly determined to come back, while others are confused. Some arguments come from venture capitalists who want to see the companies they invest in succeed, while others argue that meeting face-to-face increases productivity and ultimately improves bottom line. There is also a counter-argument that remote work allows for more inclusive and broader employment, which could also contribute to bottom lines.
And if 2023 isn’t a profitable year, I don’t know what else I can do. Kruze Consulting, an accounting firm for startups, has studied the financials of over 750 companies. This includes over $300 million in quarterly revenues and over $750 million in quarterly expenses. We spoke with Healy Jones, Kruse’s head of financial planning and analysis, about his findings. He believes this result brings some balance to the debate.
