Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by Apocryphon on Saturday May 02, 2020 @02:17AM
(#23049734)
Not just the companies themselves, but the VCs that feed into their behavior. Will VC firms ever feel the repercussions for fueling this tech boom's irrational exuberance?
[ Parent
| on HN ]
Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by pjc50 on Saturday May 02, 2020 @04:44AM
(#23050371)
What is a "repercussion"? Most of the individuals involved are in a position where the worst that can happen is a slower rate of wealth acumulation. https://www.bloomberg.com/news/articles/2019-11-05/wework-me...
Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by Apocryphon on Saturday May 02, 2020 @01:18PM
(#23053267)
Son is an extreme outlier- remember he lost $70 billion during the dot com bust, and SoftBank lost 99% of its market cap, and in the subsequent decade was able to gain it back.
I'm talking about the average Silicon Valley VC firm.
Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by rvz on Saturday May 02, 2020 @04:14AM
(#23050257)
And what happens when you chase hyper-growth over profitability when either the markets crash or a global catastrophe happens or perhaps more accurately both events happening? [0]
This plea for halp is left as an exercise to the reader.
[0] https://techcrunch.com/2020/04/08/deliveroo-graphcore-and-ot...