Many mature companies are freezing net headcount, but still backfilling positions. Others are instituting temporary hiring freezes. Others are laying people off

Many mature companies are freezing net headcount, but still backfilling positions. Others are instituting temporary hiring freezes. Others are laying people off. In the startup space, many companies were raising money on valuations equal to 30-50 times ARR. Investors can be very picky and many startups are about 1 yr of cash on hand. If they are forced to raise money now, and their performance isn't the best of what's out there, they are going to be SOL or facing such onerous terms, it's going to be demoralizing. Startups should be preparing to ride out the storm and that's going to mean they're going to find a way to push off a fundraise / going broke at any cost, if possible.