US Economy Insights 2023

Liam Gill
January 08, 2024

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News of the Day

In 2023, the U.S. economy demonstrated resilience by creating nearly 2.7 million jobs, defying concerns that the Federal Reserve's aggressive interest rate hikes to combat inflation might weaken the labour market and dampen consumer spending. Contrary to expectations, consumer spending remained strong throughout the year, with advanced monthly retail sales exceeding $600 million. This robust performance underscored U.S. consumers' enduring strength and confidence, even in the face of various economic challenges.

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- Seed rounds take longer to get done (3-6 months)
- The bar has gone up 2x. Most seed firms expect a $500K ARR run rate and > 20% MoM growth to be in top companies.
- It takes longer to sell to customers in this cost-conscious environment.
— Martin Tobias (Pre-Seed VC) (@MartinGTobias)
8:00 PM • Jan 8, 2024

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Insight of the Day

Do you prioritize building a strong brand at your company?

With Monster Energy and Apple as the top performing S&P 500 stocks over the last 20 years it is clear that a strong brand is a core element of sustained growth.

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Onwards and Upwards,

Liam Gill