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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
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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