FOUNT was asked to discuss macro-economic pressures, such as inflation, geopolitical uncertainty, the recent run on regional banks, as part of Big50 Hot Startup competition
Startup50 was founded by Jeff Vance in 2013 as a site that would hunt for signal within all of the noise and hype surrounding startups. The original idea was to come up with a process, one featuring rigorous competitions and challenges, that would strip away the spin and force startups to focus on what really matters: real people and the real-world problems they’re struggling to overcome.
Startup50’s biennial Big50 Startup Competition kicked off in January 2023. Every two years, the team investigates hot technology startups to find 50 with the right combination of experience, innovation, and financial backing to upend established market sectors. To earn a slot in the Big50, startups must complete a series of challenges that focus on everything from pitching VCs to moving markets via thought leadership.
FOUNT was one of 30 startups selected to be featured throughout May based on answers to two open-ended questions: 1) How is the current market turmoil impacting our market sector? 2) Why is our startup well positioned to navigate the current market troubles and continue scaling up in 2023? Responses from our CEO, Christophe Martel, are featured below and on the Startup50 website.
How macro-economic turmoil is impacting their sector: “Wasted worker effort damages productivity and retention. In this macroeconomic climate where uncertainty and a tight talent market exist simultaneously, enterprises need to find ways to remove friction for employees in order to attain higher productivity and lower attrition among frontline workers and other value creators.”
How they will navigate macro-economic pressures: “FOUNT is solving a critical economic problem for companies at a time when there are few alternatives that enable companies to pinpoint and resolve these issues. We are well-funded, have an ambitious product roadmap, and our customers are getting results and deriving value from our solutions.”
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