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by sanguy 1251 days ago
Already seeing startups out of funding and not able to raise more being given away to companies that can assume the payroll and running costs.

We've had 5 such approaches in the past 6 weeks of which 2 we have taken over.

It is going to get very very bad inside the next 6 months. We're still in the pre-swell phase before the tidal wave hits.

2 comments

Yes, an awful lot of companies assumed the free money would last forever, and now it has stopped, they are faced with two choices:

1. Start making money 2. Sell the company

Many of them will tell themselves that they can somehow see massive growth and start making a profit, and will fail while trying to do so.

Where do you work?