Any info on How are the things at YC backed startups? Carwale, Razorpay, etc. ? Are you guys taking a pay cut or is the startup planning to layoff folks? What’s the scene?
Only smaller/Mid size would be affected, as per latest info Razorpay, Meesho, Zepto, all backed by YC, have no exposure to SVB.
Don’t think there would be layoffs. Hearing that many companies had withdrawn money in advance of freeze
It's a shit show
Layoff toh nahi hoga
Payment delayed maybe
Hi folks,
I got laid off today from a YC-backed startup (W23) citing a shift in product focus. Was part of the core team since Oct '21, initially as an intern then later converted to FTE in '22. Got a decent (30%+) increment this year. ...
Lately many of the startups faced valuation cuts. Baron Capital cut Swiggy by 40%, Blackrock and Pepsis cut Byju’s by 70%, SoftBank cut Oyo by 70%. Just to name a few.
Everything about Byju’s is very much present here on grapevine. I’m...
RANT ALERT
I am a Software Engineer with 2 YoE. Wherever I apply they ask for 3+ or 5+ YoE minimum. I am hardly eligible for any roles. To one recruiter I really got angry and said "What is it that you believe 3+YoE candidates can do an...