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Yes, that is basically what will happen. For those tech companies, it is live or die at this point. Assuming SA doesn't reverse course, it will mean for many co
by anonymous5133 8y ago
Yes, that is basically what will happen. For those tech companies, it is live or die at this point. Assuming SA doesn't reverse course, it will mean for many companies they simply won't get more funding. It will be either start making money or seek out other forms of funding like maybe an IPO or something. Other VC firms will get flooded with companies to invest in and of course they will just go with whatever companies they feel are most worthwhile but going forward less companies will get the funding they need.
- gsibble 8y agoSo you don’t feel bad for the employees at these companies?
- viraptor 8y agoThis is basically the "contractors on the Death Star" from Clerks. I feel a bit bad about their situation, but 1. There's no shortage of tech jobs, (and we've been talking about SV being a bubble for a decade or so now, why not have a plan for that case?) 2. People should be aware where their wages come from. If you know your money ultimately comes from crimes... maybe reconsider your job.