May 25, 2022

series of negatives Signs of value in tech companies, the high cost of decelerating tech concerns, and various additional signals from more speculative technology market segments combine to create a largely converged market.

It’s worth remembering how wild the last two years have been in the startup world. In early 2020, with the pandemic affecting many industries, there were layoffs in the startup industry. The cuts were so frequent that a tracker was created to keep track of the massacre. Then, as we all remember, investors realized that the tech industry would thrive in a work-from-home period, and here at gaming-updates, we brought together the latest startup staff to track the fast IPO market. .

How things have changed.


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For example, if you bought bitcoin a year ago, today you are losing over 30%. As we explored earlier this week, the NFT market is also slow.

There are still signs of apathy in less speculative areas. Klarna’s 2021 numbers show that the BNPL market, which is a huge hub for startups worldwide, will be a costly proposition to grow. So much so that we may see more combinations in space as the number of BNPL players is higher than the market.

The IPO market is another sign of a downtrend as the upcoming public market launch calendar looks essentially barren. Mobileye, yes, will end, but it’s Intel that runs the first public company, so it doesn’t matter – we’ll see though.

Electric car companies that thrive after going public are seeing their value plummet after failing to meet 2021 investment targets or 2022 forecasts.

And investors have decided that many of the world’s most successful tech companies — GitLabs, HashiCorps, and other former startups that sell to developers — are worth only a fraction of what they used to be.

We are also seeing a return to the need for downsizing in large startups. Looking at recent headlines, we have seen layoffs at HyperScience (growth targets not met, $100M in previous rounds); WeDoctor (fired due to delayed IPO, final round $411M) and OkCredit (business model refocusing, $67 million final round). Indeed, tracker Layoffs.fyi notes that the pace of startup layoffs has increased recently, partly due to a market downturn caused by Better.com’s frequent budget cuts.

The stakes are not low. This week we saw DocuSign lose its valuation after posting lower-than-expected growth forecasts. So what, right? We have seen this quite often in recent months; We took the problem close to death.

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