Waverly Deutsch

So there are ramifications in this country to being LGBTQ and in many places around the world. So it's a difficult group of entrepreneurs to support. So you're right. In Pride Month, we should acknowledge that's an area of my personal passion and interest. And I hope that WiseHeart can make a tiny difference with some of the individuals in that community.

So there are ramifications in this country to being LGBTQ and in many places around the world. So it's a difficult group of entrepreneurs to support. So you're right. In Pride Month, we should acknowledge that's an area of my personal passion and interest. And I hope that WiseHeart can make a tiny difference with some of the individuals in that community.

That's a great question, and you're 100% right. I'm seeing that in the market right now. Right now in this country, we're going through a very strange time when the markets are at an all-time high. The public markets are at an all-time high, and yet the tech companies are announcing layoffs constantly and everything. Valuations for privately held tech companies have fallen off tremendously.

That's a great question, and you're 100% right. I'm seeing that in the market right now. Right now in this country, we're going through a very strange time when the markets are at an all-time high. The public markets are at an all-time high, and yet the tech companies are announcing layoffs constantly and everything. Valuations for privately held tech companies have fallen off tremendously.

It's a very strange economy and you're 100% right that economic situations make a huge difference in the landscape for entrepreneurs of all kinds. And I think I can't answer this question without acknowledging the incredible privilege that I've had in my life. People hear about the struggles I've gone through and the hard work I've put in, and I honor that. But I was born white,

It's a very strange economy and you're 100% right that economic situations make a huge difference in the landscape for entrepreneurs of all kinds. And I think I can't answer this question without acknowledging the incredible privilege that I've had in my life. People hear about the struggles I've gone through and the hard work I've put in, and I honor that. But I was born white,

to a middle class household where I got excellent education and excellent opportunities. And I've been very fortunate to have the kind of career, 22 years at a university where I've been able to accumulate a retirement nest egg. I am still able to get health insurance through the university. albeit I have to pay for it. I am incredibly fortunate and my privilege has been part of my journey.

to a middle class household where I got excellent education and excellent opportunities. And I've been very fortunate to have the kind of career, 22 years at a university where I've been able to accumulate a retirement nest egg. I am still able to get health insurance through the university. albeit I have to pay for it. I am incredibly fortunate and my privilege has been part of my journey.

And I think it's really important to acknowledge that a lot of entrepreneurs come from very different places and they don't have that. And so when I look at

And I think it's really important to acknowledge that a lot of entrepreneurs come from very different places and they don't have that. And so when I look at

folks of my generation who do not have nest eggs for the future who are being subject to layoffs why because when you're when you are senior in your career you're more expensive so if i lay off someone who is making two hundred thousand dollars as a director in marketing i could take that two hundred thousand dollars and hire three young people out of college um

folks of my generation who do not have nest eggs for the future who are being subject to layoffs why because when you're when you are senior in your career you're more expensive so if i lay off someone who is making two hundred thousand dollars as a director in marketing i could take that two hundred thousand dollars and hire three young people out of college um

Age is a factor in these decisions. Seniority is a factor in these decisions. And now you have these incredibly talented, experienced people in their 50s, in their 60s who want to keep working, who have a lot to add, but who are also now pretty expensive people for a full-time job. And they're saying, what do I do? What do I do with all of this experience? What do I do with all of this energy?

Age is a factor in these decisions. Seniority is a factor in these decisions. And now you have these incredibly talented, experienced people in their 50s, in their 60s who want to keep working, who have a lot to add, but who are also now pretty expensive people for a full-time job. And they're saying, what do I do? What do I do with all of this experience? What do I do with all of this energy?

I don't want to take a job. that is a $75,000 a year job because I'm forced to it. I want to do something different and people have different levels of choice at different times. So one of the things that I'm noticing in that community and one of the things that I'm talking with that community about is you have been exited from these companies

I don't want to take a job. that is a $75,000 a year job because I'm forced to it. I want to do something different and people have different levels of choice at different times. So one of the things that I'm noticing in that community and one of the things that I'm talking with that community about is you have been exited from these companies

because they need to reduce costs, because you're expensive, and yet they still see the value of your wisdom and experience. Many of these people are being hired by companies like the companies they came from as consultants. There is generational knowledge capture that is lost. when people are laid off without a lot to transition plans. And I think a lot of companies have made that mistake.

because they need to reduce costs, because you're expensive, and yet they still see the value of your wisdom and experience. Many of these people are being hired by companies like the companies they came from as consultants. There is generational knowledge capture that is lost. when people are laid off without a lot to transition plans. And I think a lot of companies have made that mistake.

So I see a friend of mine who is a financial expert laid off from her CFO job, now consulting as an interim CFO for various companies in the industry that she came out of. Same thing with sales executives being brought in. What I would say to those people is you may have to do work that you outgrew in your career.

So I see a friend of mine who is a financial expert laid off from her CFO job, now consulting as an interim CFO for various companies in the industry that she came out of. Same thing with sales executives being brought in. What I would say to those people is you may have to do work that you outgrew in your career.