3 ms·
Are we actually in the midst of a tech downturn though? I mean tech valuation are back to what they were pre corona pretty much. Did VC money completely dry up?
by joelbluminator 6y ago
Are we actually in the midst of a tech downturn though? I mean tech valuation are back to what they were pre corona pretty much. Did VC money completely dry up?
- FartyMcFarter 6y agoIBM has laid people off. Some companies like Uber, Lyft and Airbnb laid off a lot of tech people (even if the extent of their status as "tech" companies is questionable). Some governments are pledging support to startups, which is indicative of some trouble: https://sifted.eu/articles/startups-government-support/ https://sifted.eu/articles/startups-government-support/ Anecdotally, I'm also hearing that startups are having a hard time finding funding, which isn't surprising in the current cautious financial climate.
- joelbluminator 6y agoYes, I hear the anecdotes as well. I guess a lot depends on what happens in the fall/winter corona-wise. If it declines and doesn't come back you could make the case for a relatively quick recovery.