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Doesn't this seem similar to other downturns the tech industry has seen? I think it is quite likely that in the next 5 years there's a good chance of a recessio
by sorenn111 7y ago
Doesn't this seem similar to other downturns the tech industry has seen? I think it is quite likely that in the next 5 years there's a good chance of a recession and that tech and startups will feel it as they have in other downturns (this may be a cycle of that). Why would it be incorrect to assume that startups will roar back as they did post dotcom bubble and post great recession?
- roseway4 7y agoWe’ll likely see many more tech-enabled consumer (and some B2B) startups fail. Meanwhile, B2B tech companies with good unit economics will continue to grow, hire, raise more capital and IPO/exit. They may not be as sexy as the PR-laden BS that we’ve seen in the last few years, but there are many more solid companies with real businesses than there are Caspers, WeWorks, scooter companies etc