3,247 karma · joined November 28, 2008
100's of competing accelerators popped up but none could match these results : https://www.ycombinator.com/topcompanies/
https://www.theguardian.com/technology/2015/jul/01/google-so...
But now, clearly they've gone too far in the opposite direction.
However, Techstars always had an adverse selection problem : the best companies usually prefer to join YC.
Mark Zuckerberg is not laying people off because "higher interest rates => no one wants to invest in Meta any more". He's laying people off because he has found the excuses he needed. Rightly or wrongly, he simply wants to follow Elon in building a much leaner organisation.
IMO the "vibecession" meme explains what's going on within tech a bit better. Tech CEOs and VCs have decided that the tech industry had to shrink, notwithstanding that the wider economy was and is doing fine.