After many months of sky-high valuations for privately held technology companies, record-setting venture capital deals and bullish stock markets, the winds of change are blowing across the technology sector landscape. Some technology stocks have tumbled in value and there are signs that venture capitalists will become more stingy with new and follow-on financings. While many of these shifts are industry wide, Ottawa’s tech sector is not immune to changing economic conditions, as evidenced by the recent Shopify layoffs.
If you’re the founder or CFO of a local tech company, what risks should you consider and what actions should you take? In this episode of Techopia Live, OBJ publisher Michael Curran speaks with Susan Richards, the managing partner of Numbercrunch Inc., and Elizabeth Audette-Bourdeau, CEO of Welbi, about financial strategies for changing economic times.