Equity Startups are hiring fewer workers and paying out less in equity comp
Mar 13, 2024
Startups are feeling the pinch, hiring fewer workers and offering less equity compensation. Exciting innovations are emerging, like a startup profiting from death in surprisingly positive ways. Cute serving robots are making waves with Bear Robotics' latest funding. Plus, BlueSky is shaking up social media with new moderation tools that empower users, while Brave benefits from EU regulations. Venture capital surprises round out this engaging discussion on the shifting landscape of tech.
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Startup Compensation Trends
- Startup hiring significantly decreased in 2023, impacting equity compensation.
- Equity comp for new hires dropped 37% between November 2022 and September 2023.
Employee Turnover
- High employee turnover impacts both long-term and recent hires at startups.
- 23% of 2023 hires on Carta's platform are already out of their jobs.
Empathy's Approach to Bereavement Services
- Empathy, a startup, raised $47 million to help people manage affairs after a loved one's death.
- It pivoted from B2C to a B2B2C model, offering services through employers and insurers.