4 ms·
I'm just surprised how quickly things are going badly. My company is trying to get a round of funding. If you asked me 8 weeks ago how it was going, I would've
by 1270018080 4y ago
I'm just surprised how quickly things are going badly. My company is trying to get a round of funding. If you asked me 8 weeks ago how it was going, I would've said "We're in a very strong position, hiring like crazy, tons of growth upcoming. We're going to get a ton of money." Now, it's "Bad. Who knows."
We're still going to get money, but it's likely 75% less than we were thinking 8 weeks ago. And we're a real company with a real product and demand, not web3 or whatever. I can't imagine how those companies are going to fare.
- boringg 4y agoThey are going to going to go down like a Lead Zeppelin.
- ajross 4y agoThings turn around like this because the truth is that everyone (including and especially VCs) knew that things were overheated, and had been for well over year. But you still want to cut deals in a market that's overheated because if you don't someone else will, and there's a lot of money still being made. But once it turns over, the game is up. They know it's not coming back for another cycle for the same reason they knew that existing funding and valuation numbers were unsustainable.