Governor Olli Rehn: Dialling back monetary restraint
CEO Survey, March 2009--growth-stage companies
1. What are you spending more on in 2009 than 2008?
custom er
staffing retention
8% 5% Everything
nothing 5%
8% M&A
5%
developm ent R&D
8% 5%
Em ployee
benefits
3%
fundraising
3%
severance
3%
m arketing
22%
sales
25%
Copyright, BSG Team Ventures, March, 2009
2. When do you predict the market conditions to take a turn for the better?
31% 31%
35%
26%
30%
25%
20%
15%
7.90%
10%
2.60%
5%
0%
Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009
or
beyond
Quarter
Copyright, BSG Team Ventures, March, 2009
3. Are you seriously considering employee reduction in Q2’ 09?
Yes, 27%
No, 73%
Copyright, BSG Team Ventures, March, 2009
4. What percentage reduction of full-time employee headcount
are you planning on?
40%
60%
Less than 20% 20-39%
Copyright, BSG Team Ventures, March, 2009
5. If you are planning on making additional cost reductions,
which THREE (3) below are likely to be part of them?
Reduced hours/ 4-
Delaying specific
day work weeks
new
Salary reductions
project/product
development
Moving from direct
sales to
channel/indirect
Reducing cash
Outsourcing of key
comp and
responsibilties
increasing equity
(dev, testing, sales,
etc.to make cost
variable)
Copyright, BSG Team Ventures, March, 2009
6. If you could ask your peer CEOs a question, what would it be?
staffing burnrate
17% 17%
economy
28%
funding
38%
Copyright, BSG Team Ventures, March, 2009
7. What is your primary industry sector?
Software/
Internet/
Telecom 61%
Cleantech 8%
Other 10%
Medical Interactive Life Sciences/
Devices 11% Biotech 5%
media/
content/
community 5%
Copyright, BSG Team Ventures, March, 2009
8. What best describes your primary invested capital structure?
Corporate
investor/ ow ner
Angel 13%
Other 3%
5%
Private equity
11%
Bootstrapped
11%
Venture capital
57%
Copyright, BSG Team Ventures, March, 2009
9. CEOs responding to survey from the following industries:
Interactive
Biotech media
Cleantech
5% 5%
8%
Other
11%
Medical
Devices
Software /
11%
Internet /
Telecom
60%
Copyright, BSG Team Ventures, March, 2009