The Truth About the Entrepreneurship Boom, and and How to Manage Cash Flow as a Founder

Support for the show comes from Alumni Ventures. Your financial advisor may be perfectly happy keeping you in public index funds and spending the afternoon golfing, hoping you don't call. But public markets are not the whole market anymore. Alumni Ventures has spent over a decade building a way for individual accredited investors to assemble their own blue chip venture portfolio. Backed by professional diligence and co investment alongside leading VC firms, Time and CB Insights both rank Alumni Ventures a top 20 US venture firm. You can sign up for free, see the weekly deal flow, and decide for yourself, or write one check under the Alumni Ventures Foundation Fund for a diversified portfolio of about 25 private venture deals. Go to a v.vc/profg. Not an offer to sell securities. Venture capital involves substantial risk, including loss of capital invested. See disclosures and fund offering materials for more information. This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result, less time spent on operations, more time connecting brands with the moments and fandoms that matter most. Learn more at accenture.com/spotify. When you need to build up your team to handle the growing chaos at work, use Indeed sponsor jobs. It gives your job post the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsored job credit at indeed.com/podcast. That's indeed.com/podcast. Terms and conditions apply. Need a hiring hero? This is a job for Indeed sponsored jobs. Welcome to office hours with Pravji. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehours@propgmedia.com. Again, that's officehours@propgmedia.com, or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Question number one comes from Cheddar Ben on Reddit. You recently spoke about the explosion of single person businesses. Are these businesses and gig work dramatically skewing the jobs report in a way that has never happened before? So yes ish. The jobs report is actually built from two different surveys. The headline number everyone reacts to is payrolls added x jobs, is derived from a survey of company payrolls. So by design, it only counts people on an employer's books. It doesn't count the self employed or most gig workers at all. That's why the boom in one person businesses can't be inflating it. The second survey, the household survey, which asks people directly whether they're working, is the …