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That's not really a prediction of 2024 as much as an explanation of what I've already seen in the tech startup world in 2023. Hiring has slowed for many and pa
by _heimdall 3y ago
That's not really a prediction of 2024 as much as an explanation of what I've already seen in the tech startup world in 2023.
Hiring has slowed for many and paused for some, and the focus already had to shift from how to show growth to how to show revenue.
- j4yav 3y agoNot disagreeing with you, but noting there are still a lot of companies that raised so much cheap money they can basically run for 200 years, barring investor pressure. Typically they raised at such high valuations they may never achieve a positive investor outcome, but they also will never run out of money.
- _heimdall 3y agoInflation alone would likely burn through any of that cash much faster though, and that's assuming investors didn't mind leaving the money parked there and avoided clawing it back or forcing an exit.