Equity Looking back at the venture market of one year ago
Jun 10, 2022
A nostalgic look back at the venture market reveals stark contrasts with today. The upheaval at Medium highlights shifting dynamics in tech workplaces and new accountability measures. Simulate's impressive fundraising journey showcases the surge in plant-based food options. Men's grooming trends take center stage with the emergence of Faculty and growing male cosmetics popularity in South Korea. Innovations in elder care technology also signal a new wave of progress, painting an intriguing picture of evolving consumer interests.
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Medium’s Exodus
- Medium's CEO published a culture memo after a failed unionization attempt.
- Subsequently, 50% of the company's employees left.
Worker Empowerment
- There are two current labor markets: high demand and low demand.
- Workers in high demand realize their leverage and make demands, changing power dynamics.
YC Controversy
- Two Y Combinator alumni were removed from the internal forum for allegedly posting private information.
- One founder argued it was due to critical public posts, highlighting tension in the community.