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Thursday, June 1, 2023

The Good Times Are Over for Startups

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Venture capital corporations reminiscent of Sequoia Capital and Y Combinator are sounding the alarm for startup firms that the times of elevating capital simply are over.

The well-known VC despatched 250 founders a 52-slide presentation by way of Zoom on May 16, alerting them to a “crucible moment” as larger charges of inflation, volatility within the inventory market and several other geopolitical points led to much less certainty within the enterprise capital market. The presentation was seen by The Information.

Sequoia advised the startup founders that there possible won’t be a “swift V-shaped recovery like we saw at the outset of the pandemic,” and as an alternative really useful that they consider their firms for prices that could possibly be slashed.

Source: www.thestreet.com

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