The great VC pullback of 2022
mattturck.com
The great VC pullback of 2022
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Re: The great VC pullback of 2022
#2Is this supposed to be relatable to us developers employed at these tech companies propped up by VC money?
Maybe it's just me as I'm just a developer in europe, but I don't get the VC world at all.
Re: The great VC pullback of 2022
#3Is this supposed to be relatable to us developers employed at these tech companies propped up by VC money? Maybe it's just me as I'm just a developer in europe, but I don't get the VC world at all.
As an example, if you are looking for a job and trying to pick a stable company, understanding some of these dynamics could help. But I don’t think it’s essential for everyone to understand it or anything.
Re: The great VC pullback of 2022
#4Is this supposed to be relatable to us developers employed at these tech companies propped up by VC money? Maybe it's just me as I'm just a developer in europe, but I don't get the VC world at all.
I guess for now you shouldn't worry unless you plan to join/co-found an extra-early stage startup
Re: The great VC pullback of 2022
#5Can have serious consequences for headcount and salaries if we are entering a bear market. I also hope this article doesn't age well but it is definitely worrying.
Re: The great VC pullback of 2022
#6Yeah I mean how can most (and even billion dollar valued!) startups forever bleed money and need to raise Series XYZ. As if this whole startup scene is just like the pyramid, but with extra steps
Re: The great VC pullback of 2022
#7Interesting. Maybe my customers are in a different market than where this was based on but I haven't seen a slowdown, either in deal volume or in the size of the individual deals. Bumper Q1 in fact and Q2 looks quite strong so far. Obviously the war in Ukraine has a lot of people worried and I have seen some immediate impact of this in some of the start-ups I looked at (because they either had a development or a support department in Ukraine) but for the most part it looks as long as the war does not escalate further or draws in other European territories that the impact on the start-up/VC scene will be limited.
What I do still see is a reluctance to invest in the hospitality/travel industry which used to make up a fair percentage of the investments. Most likely this is still an effect of the ongoing pandemic. This money seems to have shifted mostly towards fintech where the number of deals is up and so are the valuations.
What's with all the self quotes by the way? It doesn't really add much credibility if you are quoting yourself to make the point you are making, that doesn't add evidence, it just creates a circle.
Re: The great VC pullback of 2022
#8Is this supposed to be relatable to us developers employed at these tech companies propped up by VC money? Maybe it's just me as I'm just a developer in europe, but I don't get the VC world at all.
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Re: The great VC pullback of 2022
#9Is this supposed to be relatable to us developers employed at these tech companies propped up by VC money? Maybe it's just me as I'm just a developer in europe, but I don't get the VC world at all.
My reading is that VC backed jobs/salaries are going to become somewhat less secure if this trend continues/accelerates, but it's probably a little early for devs to feel the impact. Might influence job searching as startups become higher risk.
Re: The great VC pullback of 2022
#10VCs love to tell everyone the market is moving in their favor (lower valuations, fewer deals, etc). It’s like car salespeople telling you this car won’t last long.
Some of it may indeed be true, but it’s in their favor to give founders anxiety. It’s a negotiating tactic, not a public service announcement.