Ask HN: Is the Market Recovering?

#1

Post by blingojames » Thu, Jul 13, 2023, 11:06 AM UTC

Hi, do you think the market for job seekers, Startup funding, is recovering? if not could you estimate when it will recover?

Re: Ask HN: Is the Market Recovering?

#2

Post by adaml_623 » Thu, Jul 13, 2023, 11:19 AM UTC

Which country and area OP?

Re: Ask HN: Is the Market Recovering?

#3

Post by barelyauser » Thu, Jul 13, 2023, 11:21 AM UTC

Interest rates are on the rise. Money is expensive. Not recovering this year.

Re: Ask HN: Is the Market Recovering?

#4

Post by csomar » Thu, Jul 13, 2023, 11:23 AM UTC

It's still scared like a wet chicken. Most founders, VCs, employees, banks, etc.. and even the government itself are waiting to see how the monetary part is going to unfold before declaring anything or making any decisions.

I think we should know before the end of this year.

Re: Ask HN: Is the Market Recovering?

#5

Post by gumby » Thu, Jul 13, 2023, 11:24 AM UTC

For fundraising, I don’t expect anything to happen over the summer but anticipate a rise come September

Re: Ask HN: Is the Market Recovering?

#6

Post by idkyall » Thu, Jul 13, 2023, 11:26 AM UTC

Assuming you mean the US. I think it depends a great deal on the area and part of the economy you are targeting. I have seen a ton of hiring in my local area by banks, for example. The large cap tech company(b2b) I work at is still in a hiring freeze, by contrast.

I doubt that startup funding will recover much until interest rates go down, as I think the general attitude right now is pretty conservative about investment. Probably this will recover early to mid ~2024, and definitely by 2025[1] depending on when the US Fed cuts interest rates.

[1]https://www.federalreserve.gov/monetarypolicy/files/fomcproj...

Re: Ask HN: Is the Market Recovering?

#7

Post by santiagobasulto » Thu, Jul 13, 2023, 11:30 AM UTC

AI hype seems to be creating a different sensation, but in reality, nobody knows.

Looking at "hard facts", the yield curve is in the "most inverted" position in a LONG time. I'd still be cautious.

Re: Ask HN: Is the Market Recovering?

#8

Post by sixhobbits » Thu, Jul 13, 2023, 11:30 AM UTC

https://upload.wikimedia.org/wikipedia/commons/thumb/f/f3/NA...

If you look at nasdaq around the dotcom crash it also had a fake bounce before the real crash. Past doesn't predict the future but also no reason we couldn't be in a fake bounce now.

Re: Ask HN: Is the Market Recovering?

#9

Post by Aachen » Thu, Jul 13, 2023, 11:39 AM UTC

sixhobbits wrote: post #8

https://upload.wikimedia.org/wikipedia/commons/thumb/f/f3/NA... If you look at nasdaq around the dotcom crash it also had a fake bounce before the real crash. Past doesn't predict the future but also no reason we couldn't be in a fake bounce now.

I think one difference with the dotcom situation is that everyone is now deeply reliant on digital and networked systems. The size of any market correction is not something I'm qualified to comment on, but I'm not sure that this particular single historic data point is going to have predictive power

Re: Ask HN: Is the Market Recovering?

#10

Post by xupybd » Thu, Jul 13, 2023, 11:41 AM UTC

Seeing some recovery here in NZ in the manufacturing industry. It's still pretty bad.