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My impression is a lot of these companies raised mega rounds right before interest rates went up, and are now able to tread water by cutting headcount enough th
by tqi 3mo ago
My impression is a lot of these companies raised mega rounds right before interest rates went up, and are now able to tread water by cutting headcount enough that their revenue + interest can sustain them. To what end? Who knows...
- dilyevsky 3mo agoI know a few who are really feeling the pressure from customers now being able to vibe code part or their product and also their cloud bill is about to explode because hardware prices are through the roof
- contingencies 3mo agoSaaS was always destined for this, with or without AI. Excluding the small subset with network effects, the nominal nature of a remote execution aid in basic business process was always semi-farcical.
- red-iron-pine 3mo agoyeah got a buddy at a startup unicorn, moved from Canada to work down in the Valley, and he said basically the same: no moat, and AI could hack together 80% of their product... since it already is... strong argument to me made for the support, dev, and long-term angle, but if any of the FAANGs or big players decided to eat their lunch they probably could. He reckoned they could get something comprehensive and mature enough, with a real customer base, to offset the build effort and thus get acquired.
- dilyevsky 3mo agoEveryone says support but great support requires culture of excellence and customer obsession and that were the first things to go when those zirp-era scaleups went on hiring sprees
- JV00 3mo agoTo soon be scooped up by bending spoons
- deleted 3mo ago[deleted]
- androiddrew 3mo agoYeah, but burn rates are high. The money is mostly gone by now, and the run way is approaching its end in the next 12-18 months. Hence the “great devaluation “ they are predicting
- sidewndr46 3mo agodo startups typically receive interest on their investment rounds?