by RJ Shara | May 12, 2021 | Fundings and Exit, Startups
What drove the company’s extremely unprofitable profits and resulting bottom lines? Unit economics that were nearly comically damaging. A fast summary of the agreement and the players involved: Bird is combining with Switchback II at a suggested assessment of $2.3 billion. What drove the business’s extremely unprofitable profits and resulting net losses? Bird is in 200 cities globally and reports more than 95 million trips to date, and 3 million new riders added during the pandemic. 
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by RJ Shara | Dec 14, 2020 | Startups
It’s more important than ever to know if your IT team has made sound investments and has the agility required to run successfully in the face of ongoing unpredictability. CEOs frequently imagine and determine things in terms of dollars and cents, and in the face of continuing uncertainty, IT– along with most other parts of the company– is facing extreme scrutiny and tightening up of spending plans. One CIO we spoke to approximated they had “somewhere between 30,000 and 50,000 devices” that went home with staff members, suggesting there could have been up to 20,000 that were completely unaccounted for. The intricacy was further intensified as old gadgets were pulled out of desk drawers and storage closets to get something into the hands of employees who were not equipped to work from another location. Gadget and data security go hand in hand; without the ability to see every gadget that is released across an organization, it becomes next to difficult to understand what information is living on those devices. …
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