For the past decade or so VC funding in startups and scaleups has been increasing dramatically in value and even average number of rounds per company, creating many highly-valued but still unprofitable unicorns along the way. Now that macro-economic growth is slowing, the model of extended VC funding to help companies build their consumer businesses seems to be heading for a reckoning, with hundreds of non-unicorns likely to experience serious difficulties.
Philip Lay spent two decades as an account executive, general manager and entrepreneur, before becoming a strategy advisor and managing director with The Chasm Group in 1995.
Today Philip is visiting professor at IESE business school in Barcelona and serves on a public-company board alongside his advisory activities with boards, CEOs and management teams.
Major clients include Autodesk, Compuware, HP, NetApp, Rackspace, SAP, and Salesforce.com.