Technology

As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects (Heather Somerville/Wall Street Journal)

Photo of Grace Will Grace Will May 17, 2022
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Heather Somerville / Wall Street Journal:

As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects  —  Funding is suddenly scarce as venture capital firms grow stingy, forcing young companies to get frugal and focus on breaking even



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