3 ms·

Seems like everyone was in a hiring spree in 2020 and 2021.

• danielvaughn 4y ago
  This is my take on it. Everyone went crazy on hiring. Nothing is crashing, it's just the market returning to normal. Well, except for Meta. They're having a bad time lol.
  • treis 4y ago
    Even that is mostly self inflicted
  • spaceman_2020 4y ago
    You should see the financials from some Indian unicorns that raised hundreds of millions in 2020-22. $5-6M in revenue, $50M in expenses. No money anywhere. VCs were way too exuberant and founders were more than happy to mop up the capital.
    • danielvaughn 4y ago
      And here I was, working with a startup that had difficulty landing $500K. It was my first foray into being a founder, but I learned that I do not understand the investing landscape at all.
      • theGnuMe 4y ago
        Matt Levine of Bloomberg has a quote about Adam Neumann that is just... amazing. It's about selling in a sellers market and basically about how he sold We Work shares to Softbank (and taking money out of it). I see stocks as fundamentally two things. A statistical thing (something that tracks the underlying fundamentals of a business, and a probability (a belief in that company). Yes, this alludes to classical frequentist statistics vs Bayesian statistics interpretations.