Of course we’re in the beginning of a market correction and see thousands of people losing their livelihoods will always be sad.
However one thing that only a few people are discussing is that the current compensation model for start/scaleups needs some rethinking.
In my previous demographic, you used to go to startups knowing that of could fail in 12 months, but would be a great intense professional and learning work experience. And eventually you could have some stocks that if you survive 4+ years you could sell it to the company or coming investors in liquidity events.
If case of company bankruptcy, after 1 or 2 months you could be back in the game.
Fast forward for today, going to some startups in my new demographic most of them does not offer some stock upside for employees, and the ones that offer some of them always have this “carrot-stock-game”. No liquidity events, sometimes 7 or even 9 years as a startup, tons of mind games like “the IPO will be to create a sense of urgency on people, companies with series F,G,H where high ego founders wants to “ring the bell” at NYSE instead to sell to a PE and give an exit for employees, and de list goes on.
In my opinion one unattended consequence of that is that people are going to consider startups only as a paid learning bridge to get a job at bigger companies.