Don't let that dissuade you startups can be fun, lucrative and challenging. Startups are meant to stop being startups - either because they didn't find a repeatable business model that was sustainable or because they turned into "real" companies, where growth can be sustained from cash flow and business operations.Īs a startup employee, you are taking less of a risk than if you are a founder, but you're definitely taking a greater risk than if you take a job in a more traditional, more established company. What people get wrong, though, is that that is a bad thing. They are hard because they shine a light on an aspect of startups that a lot of people don't truly want to consider: that a lot of startups fail. When I've run my own companies, I've been asked questions like this. In our exhilaration, as reporters following the industry, we celebrate monster rounds and we cheer on the startups as they bungee-cord on some rocket boosters, light the fuse, and hope for the best. We've seen companies rise at incredible valuations and completely wild ARR multiples. Over the past 5 years, we've seen an unprecedented amount of VC cash flow into ever-growing startups where the business fundamentals weren't working yet. I've had to downsize companies myself - it's excruciating - and I always advise that if you want to work at a startup, make sure you have 3 months worth of wages saved up, because you can lose your job at any time. Tech startups are, by their nature, high risk. Alex and Natasha remind us that tech layoffs don't happen to companies they happen to people - and as someone who just got off the phone with a close friend who had just received a layoff notice, I'm feeling that more acutely today.Īnd there's a flip side to all of this.
Even just our roundups ( one, two, three, four) bring some sobering reading to the mix. If you've done a quick scroll down the list of TechCrunch's most recent stories over the past few weeks, you've seen a wall of articles about layoffs.
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