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In a keynote address Zennström gave a blunt assessment of the economicenvironment, while unpacking how he failed several times in his own career during tough economic conditions. Ending on a positive note he said: “I started Kazaa in 2000 and Skype a few years later – just after stocks crashed 80% in the dotcom bust.
This is Part 2 of a two-part examination of the state of the startup capital market during the past two years. This transformation has already led to an increased number of startup failures, a growing venture capital reset2 and 210,000 tech sector layoffs since the start of 2022. 2 A (temporary) venture capital reset?
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