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NYT’s Glossier hit piece, VC winters, Activist CEOs and Podcast live events with Acquired’s David Rosenthal | E1472
This Week in Startups
VC Winter Sequoia Craft Benchmark Light Speed
According to CB insights funding for global startups is about $58 billion in commitments midway through Q2, which is on pace to drop by 20% quarter over quarter. Fred Wilson of Union Square Ventures and early Twitter investors said in a blog post that he would be planning to ride this thing out for at least 18 months or more. Sequoia said it's not going to be a V-shaped recovery. Bill Gurley tweeted, the cost of capital has changed materially. And if you think things are like they were, then you are headed off a cliff like thelma and Louise.
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