A startup I used to work for within a year of interest rates rising and lower spend by businesses and consumers ended up cutting staff by ~84% and they nearly 100% outsourced development (it may in fact be 100% now but idk for sure).
They did this to avoid any changes to their sky high valuation, as if they went and fundraiser it would have tanked it.
At this point I think they’re hoping to meander along until they’re forced into fire sale or they get acquired for their customer base
They did this to avoid any changes to their sky high valuation, as if they went and fundraiser it would have tanked it.
At this point I think they’re hoping to meander along until they’re forced into fire sale or they get acquired for their customer base