Startup soothsayer Paul Graham is telling technology startups to get frugal with their cash. In the wake of the poor performance of Facebook’s IPO, new and early-stage companies may find it difficult to raise money or may be forced to do so at lower valuations, the influential co-founder of the Y Combinator startup incubator predicts. “The best solution is not to need money,” he wrote in a blog post, which was reportedly also sent in an email to his portfolio companies.
Already, the Facebook IPO has damaged the market for more developed companies planning to go public soon. But Graham’s words hint at broader implications for the entire startup ecosystem. Silicon Valley watchers have long-debated when or if a tech bubble would pop.
Maybe there won’t be a loud pop. But perhaps a less dramatic deflation is in the cards?
Forget dating apps: Here’s how the net’s newest matchmakers help you find love
Fed up with apps, people looking for romance are finding inspiration on Twitter, TikTok—and even email newsletters.
How AI is reinventing what computers are
Three key ways artificial intelligence is changing what it means to compute.
These weird virtual creatures evolve their bodies to solve problems
They show how intelligence and body plans are closely linked—and could unlock AI for robots.
We reviewed three at-home covid tests. The results were mixed.
Over-the-counter coronavirus tests are finally available in the US. Some are more accurate and easier to use than others.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.