Equity Venture-backed everything for real world problems, please
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May 12, 2023 The hosts dive into the slowing growth of tech giants while celebrating innovative startups like Wellthy that tackle real-world issues. They explore the cautious optimism in fintech amidst economic uncertainty and discuss the comeback of a startup founder facing market challenges. The impact of AI on creative jobs and potential shifts in labor dynamics are examined, alongside the evolving landscape of startup financing. Emotions run high as they bid farewell to a beloved co-host, wrapping up with a nod to the upcoming TechCrunch Disrupt conference.
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Tech Growth Slowdown
- Tech growth is slowing, especially in B2B and B2C sectors.
- Even SaaS companies, typically valued for growth, are experiencing a decline.
SaaS Growth Decline
- SaaS growth rates are at their lowest point in recorded history, according to the Bessemer Cloud Index.
- This is concerning as SaaS companies are typically valued on growth, not profitability.
Mayfield's New Funds
- Mayfield raised $955 million across two funds, focusing on early-stage investments.
- They prioritize long-term company builders and allocate 1% of fees to support students from diverse backgrounds.