Silicon Valley Investors Give Startups Survival Advice

Silicon Valley Investors Give Startups Survival Advice for Downturn

May 29, 2022 by Wallt Street Journal

Key Facts

  • VENTURE-CAPITAL FIRMS TELL PORTFOLIO COMPANIES TO BUCKLE DOWN FOR THE LONG HAUL; ‘BEFORE YOU THRIVE, YOU HAVE TO SURVIVE’ After years of funneling cash into startups’ grand ambitions, Silicon Valley’s SIVB 4.00%?
  • investors are engaging in the grim ritual of delivering survival advice to their portfolio companies.
  • In recent online slide presentations, blog posts and social-media threads, venture-capital doyens including Lightspeed Venture Partners, Craft Ventures, Sequoia Capital and Y Combinator are telling the founders that they need to take emergency action for what could be the sharpest turn in more than a decade.
  • Their advice includes cutting costs, preserving cash and jettisoning hopes that hedge funds or other investors will swoop in with big checks.

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