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A comment on SVB collapse could mean a $500B venture capital ‘haircut’. Parent comment

Re:SVB collapse could mean a $500B venture capital ‘haircut’ by rvz on Sunday March 26, 2023 @04:38PM (#35319312)
Don't care. It was all inflated salaries from unprofitable companies who depended on pumping VC cheap capital every month. They need to now show that they are profitable.

We also will now see which startups can afford to hire developers at over $350K/yr + bonus + stock options in an adverse, unfavourable market without VC capital. Oh wait...

   None.
[ Parent | on HN ]
Re:SVB collapse could mean a $500B venture capital ‘haircut’ by gigatexal on Monday March 27, 2023 @07:49AM (#35325466)
Exactly. The gravy train was powered by hopes and dreams and leverage not profits.
[ Parent | on HN ]