Running a company is never easy, but 2022 has been especially challenging. Russia’s invasion of Ukraine accelerated inflationary pressures, leading to higher interest rates and increasing the pain from disrupted supply chains. This all contributed to a “tech rout.” After unprecedented investment and record-breaking valuations in 2021, this year’s market backdrop has been decidedly stormier for founders and CEOs.
Such geopolitical and macroeconomic unrest will have proved simply devastating for many. But it has also been a chance to reflect and learn.
Over the past 12 or so months, we’ve had many opportunities to hear from founders and CEOs about their experiences. With 2023 nearly upon us, and as the tough current conditions look set to continue for some time, we have gathered some lessons across our network. What we’ve seen is that flexibility, conviction and strong leadership can establish a foundation for companies to make the most of the opportunities once market conditions improve - whenever that may be.