After reading last week's leaked YC letter to founders, I was suspecting that this would be a shockwave staggering the startup scene.
I'm not working at Bolt, but this week our (not large) company has announced a 20% layoff and essentially made it clear that we shouldn't count on any investment funds in the foreseeable future.
Hard times with all these investment sources drying up, but so far this crisis is localized to the tech world, unlike the dotcom bubble was. I sincerely hope that it will stay this way.
I'm not working at Bolt, but this week our (not large) company has announced a 20% layoff and essentially made it clear that we shouldn't count on any investment funds in the foreseeable future.
Hard times with all these investment sources drying up, but so far this crisis is localized to the tech world, unlike the dotcom bubble was. I sincerely hope that it will stay this way.