Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that mass layoffs are pushing many people down the entrepreneurial path, venture investors have grown stingier.
More than 330,000 people have lost their jobs at tech companies since early 2022, with some 168,000 job losses this year, according to data tracker Layoffs.fyi.
Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that mass layoffs are pushing many people down the entrepreneurial path, venture investors have grown stingier.
More than 330,000 people have lost their jobs at tech companies since early 2022, with some 168,000 job losses this year, according to data tracker Layoffs.fyi.
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