I might be alarmed if I received a note from an investor stating that the data is not meant to alarm you.
A number of memos have been sent by venture firms to portfolio companies asking questions about how founders are positioned for a downturn.
The standard suggestions for conserving runway and rethinking valuations were contained in the emails that were obtained.
If you plan to ask for more, expect less generous terms.
A lot of this feels familiar to me because of my time in tech. The entrepreneurial class will bounce back if history is a guide, but I'm more concerned about the fortunes of mid- and entry-level startup workers who might have a few months of rent.
Thousands of employees have been let go of in the last few months, and the layoffs are just beginning. Don't buy those Memorial Day sales; winter is coming.
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If you work in a startup, be aware that your managers are not giving you the full picture of your company's financial situation because being less than transparent helps them maintain productivity and reduce attrition.
Your boss has probably never fired anyone before, so it will be awkward and poorly handled.
Tech workers in highly specialized, non-fungible roles usually turn out the lights on the last day. Everyone else? Save your money, rethink your summer vacation plans, and support your friends and colleagues in this uncertain time.
Thanks a lot for reading.
Walter Thompson Senior Editor, TechCrunch+
Your partner.
It’s not business as usual (and investors are admitting it)
Tech companies are shoring up their legal defenses because litigation can be a drain on resources at the best of times.
Patent and intellectual property disputes were the top legal concerns for technology managers, according to the law firm.
IP and cybersecurity disputes are top legal concerns for tech companies
The image was uploaded by Bloomberg.
Is the networking leader not doing well?
Ron Miller and Alex Wilhelm looked over the company's recently released quarterly results and found that revenue was flat, with future earnings predicted to fall well short of expectations.
Chuck Robbins told analysts last week that the company was feeling the effects of global supply chain issues and Russia's invasion of Ukraine, but it wasn't clear whether healthy software revenues could compensate for its sinking hardware business.
Even when the supply chain issues are solved, it will take 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884 888-349-8884
Cisco’s latest results indicate a reckoning may soon be at hand
MaksimYremenko is an image.
This era will likely see the survival of startups that have product-market fit and a sensible burn rate.
It was true before tech stocks began to fall.
The companies building painkillers rather than vitamins are well-equipped to weather the macro conditions that are out of their control.
Painkillers include products that increase revenue or significantly lower costs.
Why a downturn can separate the recession-proof startups from the ‘hacks’
Alex and Mary Ann Azevedo report that recent moves by both of them to expand their reach with new financial products may put them on a collision course.
Mary Ann and Alex track a series of acquisitions and product releases that have the same companies standing face to face.
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