An End to Fast Times at Startup High?
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?
Keep Reading
Most Popular

The big new idea for making self-driving cars that can go anywhere
The mainstream approach to driverless cars is slow and difficult. These startups think going all-in on AI will get there faster.

Inside Charm Industrial’s big bet on corn stalks for carbon removal
The startup used plant matter and bio-oil to sequester thousands of tons of carbon. The question now is how reliable, scalable, and economical this approach will prove.

The dark secret behind those cute AI-generated animal images
Google Brain has revealed its own image-making AI, called Imagen. But don't expect to see anything that isn't wholesome.

The hype around DeepMind’s new AI model misses what’s actually cool about it
Some worry that the chatter about these tools is doing the whole field a disservice.
Stay connected

Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.