In November 2022, speakers discuss how inflation, strong dollar valuations, and venture capital pullback are reshaping business operations globally. Companies paying salaries in USD face mounting costs as currency strength widens the gap between US and international markets.
Put that coffee down. You know, so venture capital, they'll own pieces of 4,000 businesses, and if they can plug something in that goes and spiders out, that's phenomenal. You know, so they get a massive internal rate of return. Then all of a sudden they're like, oh, shit, we could make this much money off doing this. Like, okay, cool. You know, and then they get to feel good about themselves. They're kind of in a sticky spot at the moment because, like. Like, over the last three years, like, VC was funding was really easy to get, and they were giving people crazy multipliers and doing all kinds of stuff because they're like, yeah, this is so much fun. And now everyone, everything's kind of drying up because, like, not many of those projects came to pass.
What caused that trend? Why were they throwing out so much money? And when you say they. Venture capitalists. Like, who.
Who specifically say, like, BlackRock. Right. BlackRock is a huge VC firm that owns, like, all the houses in the U.S. okay. Right. Like, they owned Triple Canopy for a while, like that, you know, that huge, Huge, huge. One of those monstrously evil companies.
Yeah, yeah, right.
That will, like, like buy all the foreclosures and then kick out families and go beta losers. Right?
Yeah. Yes.
So, you know, like, they just went through. So a lot of. I don't really know why, because it was kind of weird because there was a while there where, like, private funding was, like, crazy. And this is going back, like, just six months ago where. Because, like, the markets were all really hot and things were happening, and then now that, like, the economies are all kind of cascadingly tanking all at once. Right. And with, like, the. This might be super boring, people, but with the. With the. It's really unappetizing to do business with the U.S. right now because of the strength of the U.S. dollar. But the U.S. dollar is worth less in the U.S. yeah. So it's a really odd time where the U.S. dollar here is insanely strong.
Yeah.
Like an inflation here. Like, oh, this might put me out of fucking touch, but it doesn't seem like it's hit that much. But I don't look at the prices at the pump.
Yeah, yeah.
I don't buy my own groceries and shit. So, like, I don't. Haven't. Haven't felt, except for the housing market inflation here. That much. I could be wrong. But, like, in the US it's crazy. Like, you go over there and you're like, me, a coffee is like, $7.
Yeah, yeah.
You know, and so the U.S. the money's not going to far, but it's going really far elsewhere. So what's happening is like export and import in, in and out of the US is grinding to a halt because I don't want to buy products from the US because they're now more expensive because it's worth less in the us but the US dollar is so strong, there's like a factorial.
Yeah.
On what I'm paying for a fucking T shirt. So I'm just going to go to China or Australia.
Yeah, yeah.
So reasons it's becoming more difficult to do business in the US is twofold. So you're getting stung twice. It's doubling it up.
Exactly. And so like for us at, at sales sniper, for me personally, it's phenomenal. I get paid in USD. I have a 30% bump or whatever it is, 20% bump. And for guys making USD in other countries, this is like best case scenario. Right. But for businesses like for us to pay out our USD guys is tough. Like a $20,000 a month salary, that's $240,000 a year. US is now $370,000 a year.
Yeah.
Australian dollars, that's a pretty, pretty big chunk.
Yeah.
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