Description: Just days after stepping down as CEO of Clearco, founder Michele Romanow is still at the Toronto office every day and doesn’t have much time for extra hobbies. As she puts it, she remains “incredibly active” in the e-commerce company that went from being valued at $2 billion two years ago, to laying off more than half its workforce and exiting international markets in the last six months.
Source: BNNBloomberg.ca – video report
Date: Jan 31, 2023
Questions for discussion:
- What were the reasons for the demise of the firm?
- How much is the fault of management and entrepreneurial excess?
- What do you think Michele Romanow knows now that she did not before?