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Image Credits: Pitchbook Boston had a steady investment growth trajectory until it dropped off (like everyone else) in 2022 as investment overall slowed in an uncertain economicenvironment. Cait Brumme, CEO at early stage tech accelerator MassChallenge says that Boston was not immuned to the vagaries of investment cycles in 2022.
That was the message today at the Slush conference in Helsinki from Niklas Zennström, the iconic Skype co-founder, Atomico CEO, and one of Europe’s most famous tech players. In this environment a lower valuation is no reflection on you. There’s a stigma. We’ve turned the down round into a worst case scenario. It’s market dynamics.”.
Overall, the success of startups during a recession can, in general, be significantly influenced by innovation. Startups can not only survive but also grow in a difficult economicenvironment by creating products and solutions that address the shifting needs of their target audience.
Despite this onslaught of bad news, for now, most startupfounders, investors and HR pros don’t see the job market magically improving for hiring departments, at least in the near term. “Even in the tightest of economicenvironments — and we’re not there yet — there’s always going to be high demand for the best talent.
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