Others have already given good answers. But it’s not just offshoring. It’s also people working remotely in the United States. You’re competing with people li

Others have already given good answers. But it’s not just offshoring. It’s also people working remotely in the United States. You’re competing with people living in the MiddleOfNowhere Wyoming with a much lower cost of living who are willing to work for much less than someone living in San Francisco. Also, the public markets have gotten wise to VCs Ponzi scheme of capturing all of the value of a company before it goes public, the company still not being profitable when it IPOs and then the public seeing the value of its investments stagnate or decline. Without a viable exit strategy, investors are a lot more skittish about throwing money at startups. Yes, I know most exits are via acquisitions. But in the current regulatory environment globally, major acquisitions are also being blocked.