Is this still a decent time to join startups or pre-ipos?
Apr 22
12 Comments
Hey all - Curious, how was the tech market correction impacted startup valuations so far? There have been a couple high profile valuation cuts like Instacart, but overall valuations seem to be holding up. This is likely because companies aren't raising at this moment.
How is the situation at both early stage and late stage companies? Are the funding rounds getting smaller and are companies cutting down on hiring?
I'm loath to give up liquid compensation during this time of uncertainty. Appreciate any input.
TC - 600ish
comments
Iβve spoke to a few large pre ipo companies who tout their plans to ipo, but given the offers will be based on their valuation from late 2021, I declined to move forward. I did hear from friends in these companies that they are having a much harder time getting people from top tier companies vs a year ago
I think you're right that the ones that haven't had their valuation cut are mostly the ones that haven't raised recently.
If startups want to save money for longer ramp, they will have to slow down on hiring or reoptimize the workforce. In that case, you will get more work or pink slip itself.