Until 2021 or so, even a really crappy startup could raise 8 digits with relative ease. Then all of a sudden those investors realized that the economy was bad e

Until 2021 or so, even a really crappy startup could raise 8 digits with relative ease. Then all of a sudden those investors realized that the economy was bad enough that those companies may never make it big enough to justify the investment. I don't think this recession will mean the end of crappy tech at scale, but it will make it really hard to justify certain strategies such as burning mountains of cash to build a (micro)blogging app, to name an example.