In a letter to portfolio founders, Y Combinator advises to “plan for the worst” by cutting expenses and focusing on extending runways amid the economic downturn
YC's terms forcing a ~$20m valuation floor post demo-day for international startups without meaningful traction isn't exactly helpful. https://techcrunch.com/...
Oh man. Tons of startups are going to cut spending on everything too now: “Greetings YC Founders .. No one can predict how bad the economy will get, but things don't look good.” “best way to prepare is to cut costs” “just staying alive” https://techcrunch.com/...
They say a picture is worth a thousand words The other way around, these particular one thousand words are worth this exact picture https://twitter.com/... https://twitter.com/...
Nobody can predict what is going to happen over the next 12 months but we haven't had a real bad tech downturn since 2000 (2008 terrible for lots of other folks but nbd for tech) let me tell you what starting a company in 2000 was like.. https://twitter.com/...
“Note that the number of meetings investors take don't decrease in proportion to the reduction in total investment. It's easy to be fooled into thinking a fund is actively investing when it is not.” 🎯 https://techcrunch.com/...
Is there a compilation thread of VC posts for founders about the current market? YC: https://techcrunch.com/... Craft: https://twitter.com/... Lightspeed: https://medium.com/... Others?
Much respect for @ycombinator but they have been so loose with this last generation ‘notes and high valuations’ that will take years to work through the system If best of breed public tech down 70 percent from highs, YC deals should be 7 pre at best https://techcrunch.com/...
Wow... that YC letter. Watching and thinking about Africa's startup landscape, and whether this will have a smaller or larger corresponding impact on near-term African startup funding rounds, while reading this: https://techcrunch.com/...
This letter is required reading by every founder “If for whatever reason you don't think this message applies to your company ... please reassess your beliefs on a monthly basis to make sure you don't drive your company off a cliff.” https://techcrunch.com/...
“Remember that your chances of success are extremely low even if your company is doing well.” Y Combinator's publishes its own black swan/ RIP good times letter: https://techcrunch.com/...