We have had nearly 6 months of economic gloom. Theres has been lots of hypothetical talk of who will win in these turbulent economic times.
Does anyone know of actual companies who have had some explosive growth in recent months?
Ask HN: Which startups are thriving in the downturn?
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Re: Ask HN: Which startups are thriving in the downturn?
#2With the drop in VC checks being written and overall interest rates, I'd expect revenue-based financing to have a good year.
Pipe, Arc.tech, etc.
Re: Ask HN: Which startups are thriving in the downturn?
#3I don’t know if you can count them as a startup still, but Vercel seems to be doing all the right things during this downturn.
Connecting up GitHub and watching it runs tests, build, and deploy without much configuration was very gratifying for me. I haven’t felt that feeling towards a tech product in years. It was so simple and easy, the same feeling I felt the first time I used Uber. The same feeling as our first Stripe transaction, or when we launched a stack on AWS.
Re: Ask HN: Which startups are thriving in the downturn?
#4I don’t know if you can count them as a startup still, but Vercel seems to be doing all the right things during this downturn. Connecting up GitHub and watching it runs tests, build, and deploy without much configuration was very gratifying for me. I haven’t felt that feeling towards a tech product in years. It was so simple and easy, the same feeling I felt the first time I used Uber. The same feeling as our first S…
Is this similar to Netlify? This has changed everything for me when it comes to deploying mini test sites or tools. No more nginx wrangling just to get a script available online.
Re: Ask HN: Which startups are thriving in the downturn?
#5Less doing well because of the downturn, more doing well despite of it, but many players in climate tech are doing really really well lately (for example [1]). Longer term, with IRA [2] now law, the industry is poised to continue to grow faster and faster.
[1] https://www.canarymedia.com/articles/climatetech-finance/inv... [2] https://www.canarymedia.com/articles/clean-energy/this-is-hu...
Re: Ask HN: Which startups are thriving in the downturn?
#6We have been growing like crazy - https://rezi.ai/
Re: Ask HN: Which startups are thriving in the downturn?
#7We have been growing like crazy - https://rezi.ai/
Ah man, that's what every CEO says.
Re: Ask HN: Which startups are thriving in the downturn?
#8SMB SaaS seems to be doing just fine.
Re: Ask HN: Which startups are thriving in the downturn?
#9FTX exchange seems to be going great and doing fine. Tons of revenue, very low head count and lots of cash at their disposal. So much, that they are offering to take over other failing startups affected by the downturn.
That is a sign of a company that will survive in the long term since they are thriving even in these conditions.
Re: Ask HN: Which startups are thriving in the downturn?
#10Anyone getting rich off Federal funds.