Technology enables companies to focus on higher-value work while maintaining or reducing headcount. C-suite executives report that growth can occur without proportional workforce increases. Productivity tools address software, hardware, and services budgets and improve administrative efficiency in legal, medical, and accounting sectors by removing manual transcription, summarization, and error-prone tasks. Small teams can leverage these efficiencies to scale rapidly, potentially producing 10-person companies reaching billion-dollar valuations. Major tech firms have implemented workforce reductions amid these shifts, coinciding with broader adoption of productivity-enhancing solutions that redistribute labor toward more strategic tasks.
Deeter added that C-suite executives have been telling investors and customers that they can "grow the business," but they "don't need to grow the workforce to do it." "I think we're going to see the era of the micro business," said Deeter, whose portfolio includes Anthropic, Canva, and DocuSign. "I think that we're going to have, you know, 10-person companies that are crossing billion-dollar valuations."
Improvements in productivity tools come as several Big Tech giants have announced layoffs so far this year. Tech solutions are very proficient in addressing software, hardware, and services budgets, he said, adding that they have helped to supercharge people doing administrative work in the legal, medical, and accounting sectors. "We're taking away a lot of the manual transcription and summarization, and error-prone, laborious processes, and we're freeing them up," Deeter said.
Byron Deeter said he thinks small companies will thrive amid job cuts and high valuations in tech. The AI investor said he thinks 10-person firms will be able to cross billion-dollar valuations. Meta and Microsoft are among the Big Tech giants that have cut their workforce this year.
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