Second Time Founders E67 Different exit paths for startups, Software Developer job posting down 40% pre-covid
Jul 3, 2024
The hosts share their recent travels and insights from a childcare conference. They discuss a significant drop in software developer job postings and the silver lining for startups in hiring talented individuals. The conversation pivots to diverse startup exit strategies, including unique funding avenues beyond traditional IPOs. They also dive into the transition towards AI-driven products in SaaS, contrasting investor expectations with current capabilities. Lastly, they reflect on the harsh realities of entrepreneurship, navigating funding challenges, and the importance of work-life balance.
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Decline in Software Job Postings
- Software developer job postings in the U.S. dropped below pre-COVID levels due to market belt tightening.
- AI is not yet replacing engineers but companies are cautious and hiring less aggressively.
Hiring Advantage Today
- Take advantage of the current employer-friendly job market when hiring talent.
- Candidate quality is higher now, making it easier for startups to compete with big tech offers.
Opportunity in Market Downturns
- Market downturns yield higher quality startups and talent that survive.
- Current times mirror past crashes where top companies attracted standout employees despite tough conditions.