What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac | Y Combinator
blog.ycombinator.comSaved by sari
What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac | Y Combinator
Sure, macroeconomic conditions change and the cost of capital underpins everything loss-making, high growth start-ups are valued on. It just feels a bit tough on founders like Teo, who now had to fire 44 people to fit a growth profile that, until two months ago, was likely the apple of her VC investor’s eye.
VCs act wise as everyone in start-ups gets fired
This Startup Had Over 5 Million Users And A Great Product. Then It Folded
Fast Companyfastcompany.com
Nobody talks about failure in Silicon Valley, yet 90% of startups fail.
Why?
3 yrs ago, @neerajberry and I shut down @Sprig, which raised $60M from @GreylockVC + @socialcapital & grew to $20m revenue.
Then, it all fell apart.
For ... See more
Gagan Biyani 🏛twitter.com