The Real Economy Blog

Kurt Shenk, Senior Manager; Technology, Media & Telecommunications Senior Analyst

@kurt_shenk

In January 2018, Kurt was selected as a senior analyst in RSM’s cutting-edge Industry Eminence Program, which positions participants to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. Senior analysts advise clients on conditions impacting middle market leaders. Kurt’s focus is the technology industry.

Kurt has over nine years of audit and accounting experience, serving innovative venture- and private equity-backed technology clients. His responsibilities include working to assure effective and efficient planning, execution and wrap up of engagements. His proactive approach toward client service is the foundation of the strong client relationships that he maintains.

Education technology will be crucial this school year, could see record venture capital in 2020

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As fall draws near, school districts, educators and parents are trying to figure out what educational plans will look like for students and teachers in the 2020-2021 academic year. Earlier in the pandemic, UNESCO estimated that nearly 1.5 billion learners globally were affected by school closures. On July 17, California Gov. Gavin Newsom ordered all schools ... READ MORE >

As cars become increasingly connected, the prevalence of autonomous vehicles will grow

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In recent years, auto companies have developed more technologies that enable autonomy for their vehicles. As the number of sensors and technologies in cars has increased, so too has the amount of data available for machine learning algorithms to harness for potential innovation. These data points are sourced from a car’s steering, braking and navigation ... READ MORE >

Tech jobs have not been spared in the pandemic, but growth of remote work helps some

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Before COVID-19, unemployment in the technology sector was at a five-decade low and was far lower than the overall U.S. unemployment rate. Though unemployment has risen for some parts of the technology sector as the pandemic has gripped the country, companies are still hiring for other roles. Job postings for web developers and applications software ... READ MORE >

Coronavirus and the global technology supply chain

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To understand why the coronavirus has had such a profound impact on global supply chains and the world economy, look no further than how reliant technology companies have become on Chinese manufacturers. Nearly 20 years ago, during the SARS epidemic, China’s economy was much different and less interconnected to the world economy, supplying mainly ... READ MORE >

The new tech economy is all about location, location, location

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Economic output in the United States is increasingly revealing a geographic divide, with a greater share of gross domestic product being concentrated in the nation’s largest metropolitan areas. In 2018, 31 counties generated 32% of U.S. gross domestic output, according to a report in Bloomberg based on data from the Bureau of Economic Analysis. The ... READ MORE >

Coronavirus epidemic threatens technology global supply chain

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Coronavirus deaths continue to rise Recently, we’ve seen significant volatility within the global market as investors continue to weigh the overall impact of the coronavirus (2019-nCoV).  While a vaccine from drugmaker Gilead Sciences Inc. brings a glimmer of hope in finding a cure, the virus continues to spread rapidly throughout China, primarily ... READ MORE >

Private equity looks for recession-proof deals

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These are flush times for American private equity funds. Through November, they have raised more capital than any other fiscal year. But a good portion of that cash has not been put to use – yet. One reason is that many takeover targets have simply become too expensive, a dynamic reflected in the drop in deal activity for 2019. According to RSM Bloomberg, ... READ MORE >

Latest moves in trade conflict hit U.S. tech industry hard

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Early this month, the administration announced plans for fresh tariffs of 10% on an additional $300 billion in Chinese goods, effective Sept. 1; China responded by announcing a freeze on U.S. agricultural products, and allowing its currency, the yuan, to drop to its lowest level in a decade. Late last week, the president delayed implementation on some of the ... READ MORE >

Venture capital tech investments show strength in first half of 2019

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For cash-intensive technology companies, access to capital is frequently required to sustain operations and quickly achieve scale. Venture capital firms invested over $30 billion in tech startups in the second quarter of 2019, according to data from Pitchbook, putting total investment on pace to eclipse $100 billion for the second straight ... READ MORE >

Lessons for software companies from the Great Recession

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Software companies operating in the latter part of the business cycle must consider the implications of a potential recession on their business. It’s worth noting that during the Great Recession, some software companies endured and even thrived. A decade later, the industry can learn from these businesses how to prepare for another economic downturn. SaaS ... READ MORE >