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EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next? | E1696
This Week in Startups
Why People Are Raising So Much Money in Tech
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Low interest rate environment caused Google and Amazon to double their staffs. Startups try to compete with 400, $800,000 offers that Google or Meta or Amazon are giving to employees. So they're coming to venture capital saying, hey, we would normally raise $3 million, but we really need 10 because everybody's salary is triple what it used to be. All of these systems are not independent of each other. They form a giant super storm.
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