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☆ The job market for startups and Big Tech is in a weird spot
▼ + stars: | 2024-02-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.

Persons: —, Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London

AbridgeAbridge CEO Dr. Shiv Rao. AbridgeHQ: PittsburghTotal raised: $62.5 millionWhat it does: The medical scribe startup uses large language models to document patient-doctor interactions in electronic medical records. What makes it promising: Easing administrative burdens for providers is top of mind for investors as growing burnout drives more clinicians out of the healthcare field. Abridge is using AI to tackle one of the most time-consuming, burnout-inducing processes in healthcare — clinical documentation.

Persons: Abridge, Shiv Rao Organizations: Abridge, Pittsburgh

☆ Forta is betting big that AI can help improve access to autism therapy. Take a look at the presentation the healthcare startup used to raise $55 million from Insight Partners.
▼ + stars: | 2024-01-23 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The healthcare startup, Forta, raised a Series A funding round in January led by Insight Partners. Das added that because every child using Forta receives personalized care, the startup's AI is trained to look at health records and recommend treatments. Indeed, a clinician shortage is creating opportunities for digital health startups to build out mental healthcare services. Mental health coaching startup tapouts just raised a $3.2 million seed round, while incumbents Brightline and Hazel Health have each raised tens of millions of dollars to provide pediatric mental healthcare. Take a look at the 14-slide pitch deck Forta used to raise its $55 million Series A funding round.

Persons: —, Warby Parker, Allbirds, Forta, Ritankar Das, Forta's, Das, Hazel Organizations: Service, Business, Insight Partners, Exor Ventures, Ventures, Mental, Hazel Health

☆ Meet the OpenAI mafia: These 19 former employees left the AI juggernaut and founded startups that have collectively raised nearly $8 billion
▼ + stars: | 2024-01-22 | by ( Samantha Stokes | Riddhi Kanetkar | Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish, cofounders of AnthropicAnthropic's Dario Amodei, Jack Clark, and Daniela Amodei. Since then, the company has received billions in funding from both Google and Amazon in what some have termed an "AI arms race." CEO Dario Amodei, a former Google Brain researcher with a Ph.D. in computational neuroscience, has been writing about the cataclysmic potential of AI since 2016. Constitutional AI is partly the brainchild of two other OpenAI alums and Anthropic cofounders, Tom Brown and Jared Kaplan. Both Kaplan and Brown have worked on Anthropic's efforts to "red team" the company's flagship language model, Claude, probing for misuse possibilities.

Persons: Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, Anthropic Anthropic's Dario Amodei, Menlo Ventures Anthropic, Amodei's, Anthropic, —, Anthropic cofounders, Brown, Kaplan, Johns Hopkins, Claude, AGI, I'm Organizations: Google, Menlo Ventures, Bloomberg, Johns, OpenAI Locations: OpenAI, GPT

☆ These are 30 of the most successful early-stage startup investors in the world, according to a proprietary AI model known as 'Moneyball for VC'
▼ + stars: | 2024-01-17 | by ( Ben Bergman | Samantha Stokes | Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. TRAC , a San Francisco-based early-stage venture firm cofounded by Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, and Dick Fredericks in 2020, has set about to take a more systematic approach to venture capital. Advertisement"A SuperForecaster is in the top 1/10th of 1% of all early-stage investors," Aaron told Business Insider. But now TRAC has agreed to name names, revealing a random sampling of 30 of the 287 SuperForecasters in its model. They rarely make follow-on investments.

Persons: —, Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks, Phillip Tetlock, Dan Gardner's, Aaron, SuperForecasters Organizations: Service, Business Locations: San Francisco

☆ Some of the best early-stage startup investors share a common trait that should be a lesson for Silicon Valley
▼ + stars: | 2024-01-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the best investors when it comes to early-stage companies. The big storyPicking winnersCaterina Fake, Cindi Bi, and Suleman AliInvesting can be a crapshoot, especially when it comes to early-stage companies. AdvertisementThe investors, profiled by BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, and Leena Rao, have an incredible track record for early-stage investing. Silicon Valley can be known to have a herd mentality, especially when it comes to venture investors. And yet, some of the best early-stage investors have proven to have far better success going out on their own.

Persons: —, we've, Caterina Fake, Suleman Ali, BI's Ben Bergman, Samantha Stokes, Rebecca Torrence, Leena Rao, Joseph Aaron, cofounders, Tanja Ivanova, isn't, Chanos, Elon Musk, Jim Chanos, Tesla, Musk, Dan Ives, Goldman Sachs, Goldman, Brittany Hosea, Satya Nadella, Sam Altman, Philipp Schindler, Google's, Alyssa Powell, Michelle Obama, Betty White, Steve Harvey, Muhammad Ali, Benjamin Franklin, Al Capone, Calvin Harris, Charles Schwab, They've Organizations: Service, Business, Reuters, Getty, Elon, Tesla, Apple, Microsoft, Google, BI Locations: pant, San Francisco, Brittany, China, Davos, ChatGPT's

☆ Here's an exclusive look at the 10-slide pitch deck a startup that offers mental health coaching for kids used to raise its seed round
▼ + stars: | 2024-01-16 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The children's mental health market is booming as part of a larger cultural shift toward transparency around mental health and well-being. The startup uses a gamified curriculum that helps kids build relationships, manage their emotions, and develop academic skills. Indeed, the demand for youth mental health services has grown substantially in the past few years, according to data compiled by mental health investor Telosity. Parallel Learning, Daybreak Health, and Hopscotch all provide various mental health services for children and their families. At tapouts, children and teens ages 4 to 16 participate in weekly, 30-minute group coaching sessions centered on themes including expressing emotions, resiliency, and identifying unhelpful thoughts.

Persons: tapouts, George Mornger, Mornger, Morgner Organizations: Business, Venture Partners, Sidespin, Tatler Asia Group, Capital, Telosity, Centers for Disease Control, Health Locations: Los Angeles, tapouts

☆ Shimmer is using AI to bring ADHD coaching to adults. Here's an exclusive look at the pitch deck the startup used to land $2.2 million in fresh VC funding.
▼ + stars: | 2024-01-11 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. The startup, which provides digital ADHD coaching for adults, just raised a $2.2 million seed round led by Worklife Ventures and SeedtoB Capital. The startup offers access to live sessions with coaches and an AI program that helps users set goals and stick to them. offers ADHD diagnoses and various treatment options, including medication. The startup offers plans ranging from $140 to $345 per month, all of which include Shimmer's flagship 1:1 coaching sessions, which are all conducted by licensed professionals.

Persons: —, Y Combinator, Shimmer, Gaingels, Y, Megan Hall, Chris Wang, Shimmer's, Wang, Vikram Sreedhar —, she's, monetize Organizations: Service, Business, Worklife Ventures, SeedtoB, Koa Labs, Aglaé Ventures, Honeystone Ventures, CVS, Shimmer, American, of Psychiatry Locations: Alma

☆ Generative AI is booming in the legal industry. Here's an exclusive look at the pitch deck Robin AI used to raise $26 million from investors like Singapore's Temasek.
▼ + stars: | 2024-01-10 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Robin AI, recently closed its Series B funding round, which Singapore investment company Temasek led. Headquartered in London, Robin uses Anthropic's latest large language model, Claude 2.1, and offers an "AI co-pilot" to help lawyers draft and revise contracts. The startup raised a $10.5 million Series A in January 2023 and a $2.5 million seed round in 2021. Although funding for legal tech startups fell in 2023, according to Crunchbase, a handful of startups have raised new rounds of cash. Check out the eight-slide pitch deck Robin used to raise its $26 million Series B funding round.

Persons: Robin, Claude 2.1, Richard Robinson, Robinson, Darrow Organizations: Business, Temasek, AFG Partners, Google Locations: Singapore, London, what's, Asia

☆ The top 10 people in artificial-intelligence healthcare
▼ + stars: | 2024-01-01 | by ( Julie Bort | Samantha Stokes | ) www.businessinsider.com time to read: +1 min

Read previewNEW LOOKGoing forward, AI could become a crucial part of the healthcare industry. Many hospitals and pharmaceutical companies hope AI can fix key problems in medicine, particularly with productivity. Big Tech companies have also been making moves in healthcare and AI. Microsoft, a major investor in OpenAI, the company that created ChatGPT, bought the healthcare company Nuance for $20 billion in 2022.Insider identified the top 100 people who make AI intelligent. Here are our picks for healthcare.

Persons: — Organizations: Service, Business, Big Tech, Microsoft Locations: OpenAI

☆ A formfitting blazer and Chelsea boots, or jeans and high-top sneakers? Here's how the 2023 rising stars of VC put together their 'power outfits.'
▼ + stars: | 2023-12-04 | by ( Madeline Renbarger | Ben Bergman | Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

Many of this year's VC rising stars told Business Insider that their go-to power outfits included apparel like tailored sport coats or Chelsea boots, and more casual pieces like hoodies and well-fitting jeans. Very few investors are wearing collared shirts with their jackets, opting instead to pair it with a t- shirt and jeans. Nmachi Jidemna told Business Insider that for her everyday wear, her go-to was "usually a structured blazer with a relaxed pair of jeans." Lori Harvey (left) and Heidi Klum (right) wearing red outfits. Black flowy trousers, black turtleneck, and chunky black boots."

Persons: that's, Laura Bock, Nmachi Jidemna, Javier Grevely, Ralph Lauren, Tobi Coker, Janelle Teng, Patron's Amber Atherton, Jason Yeh, Ashley Paston, Justin Williams, VCs, Mahati Sridhar, Grady Dick, Michelle Farsi, Pear, Vivien Ho, Lori Harvey, Heidi Klum, Valentina Frugiuele, Bauer, Griffin, Luci Fonseca, RTFKT, Brandon Hoffman, JL, Sarah Wu, Emerson, Fiona Huang, Demi Obayomi, Natalie Borowski, Daisy Wolf, Andreessen Horowitz Organizations: Business, Wellington Management, Converse, Seae Ventures, Getty, GV, Nike, Sunset Ventures, Bain Capital Ventures Locations: London, Chelsea

☆ From bouldering to silent meditation retreats: Here's how this year's rising stars of VC are keeping their wellness on track while hunting down deals
▼ + stars: | 2023-12-01 | by ( Samantha Stokes | Madeline Renbarger | Ben Bergman | ) www.businessinsider.com time to read: +6 min

And these rising stars of the VC world are at the forefront of the trend, with many adopting various wellness routines. Business Insider asked this year's rising stars to name their best wellness hack that keeps them at the top of their game. Find ways to get movingMany rising stars in VC have a relationship with exercise that goes beyond an obligatory hour at the gym or a forced jog around the block. "It's amazing how taking just 10 minutes out of my day helps set the pace and structure for the rest of the day so well," she told Business Insider. she told Business Insider.

Persons: Base10, Justin Williams, Fiona Huang, Huang, Laura Bock, Amanda Herson, Taylor Brandt, Luci Fonseca, It's, Vivien Ho, VCs, journaling, Ashley Paston, Ahmed Mirza, who's, Amber Atherton, Brandon Hoffman, Tobi Coker, Wellington Management's Javier Grevely, Natalie Borowski, I've Organizations: Business, Seae Ventures, Ventures, Headline, Base10 Investors, Meritech, Sunset Ventures Locations: New York, Eastern, Brooklyn

2023 was a tumultuous year for the venture capital industry. This year, Business Insider asked the most important VCs across the US to name the most promising VCs in their cities. Business Insider also asked the general public and last year's rising stars who they thought should make the cut. And just like last year, more of this year's rising stars are women than men, indicating that more women are being brought into the pipeline of the traditionally male-dominated venture capital industry. Scroll to see 2023's rising stars of venture capital, organized alphabetically by the investor's name.

Organizations: Silicon Valley Bank, Tech, Business

☆ 20 women in venture capital who made partner or higher at firms like Khosla Ventures and GV in 2023
▼ + stars: | 2023-11-24 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +1 min

The venture capital industry is overwhelmingly male. But more firms made moves to close the gender gap in 2023 by hiring and promoting women to partners. Startups and venture capital are still overwhelmingly boy's clubs — but each year, more and female investors are claiming their seat at the table. Business Insider is recognizing the women in venture capital who made partner or general partner for the first time in 2023. You can read more about Europe's new female partners here.

Persons: Alice Brooks, Jennifer Campbell Organizations: Khosla Ventures, Business

☆ New homeowners are fleeing their pandemic-era digs to be closer to the office, report says
▼ + stars: | 2023-11-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Large employers like Apple, Google, and Tesla are calling employees back to the office. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . About 10% of US house sellers are looking to move specifically because of policies about working in the office, according to a September report by Redfin cited by the Journal. But it's also a boom for city housing markets, which was once sluggish thanks to high interest rates.

Persons: Tesla, —, Redfin, Elon Musk, it's Organizations: Apple, Google, Service, Wall Street, Journal, SpaceX, Elon Locations: U.S, New York, San Francisco, Austin

☆ Some OpenAI engineers make as much as $800,000 and were key players in Sam Altman's return
▼ + stars: | 2023-11-23 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

OpenAI reinstated CEO Sam Altman after a dayslong saga kicked off with the board firing him Friday. AdvertisementOpenAI staffers who threatened to quit this week over CEO Sam Altman's firing are making up to $800,000 per year, according to Bloomberg. AdvertisementBut tech-firm salaries don't include bonuses or stock awards, which can bring total compensation for some OpenAI engineers closer to $800,000, Bloomberg said. But despite the high demand for talent, there are aren't many people who understand the technology, so companies value these workers with high salaries as well as influence. At OpenAI, these employees played a key role in Altman's eventual rehire at the AI startup following his surprise ouster last week.

Persons: OpenAI, Sam Altman, Altman, —, Sam Altman's, OpenAI's Organizations: Bloomberg, Service, Meta, Google, Tech, The New York Times, Altman's eventual, Microsoft, Twitter Locations: OpenAI, Altman's

Sam Altman is returning as the CEO of OpenAI. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. — OpenAI (@OpenAI) November 22, 2023The news comes after a chaotic weekend in Silicon Valley. with the new board and w satya’s support, i’m… — Sam Altman (@sama) November 22, 2023Nadella has also commented on Altman's return, writing that they are "encouraged by the changes to the OpenAI board." November 23, 3:03 p.m. — This story has been updated to reflect Sam Altman and Satya Nadella's comments on X.AdvertisementThis is a developing story.

Persons: Sam Altman, OpenAI, they'd, Bret Taylor, Larry Summers, Adam D'Angelo, —, Altman's, Taylor, Altman, OpenAI's, Satya Nadella, msft, i’m, Nadella, Satya Nadella's Organizations: Service, Microsoft, Business Insider Locations: Silicon Valley, openai

☆ VCs weigh in on the chaos unfolding at OpenAI, rallying behind ousted CEO Sam Altman: 'I hope the board can get its act together'
▼ + stars: | 2023-11-19 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

OpenAI's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."

Persons: OpenAI's, Sam Altman, —, Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI

☆ The Pitch Deck Healthtech Startup Sunnyside Used to Raise $11.5 Million
▼ + stars: | 2023-11-15 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

One startup wants to help consumers be more mindful about their alcohol consumption — and it just raised $11.5 million in venture-capital funding. The startup, Sunnyside, announced that it raised a Series A funding round led by Motley Fool Ventures. Sunnyside's founder Nick Allen launched the startup in San Francisco in 2020, initially calling it Cutback Coach. Sunnyside offers a mobile app that encourages "mindful drinking" practices via weekly goal setting, text reminders, an online community, and one-on-one coaching. Check out the 10-slide pitch deck Sunnyside use to raise its Series A funding round.

Persons: Motley, Cooley, Michael Lee, Nick Allen, Allen, hasn't, Steve Lloyd Organizations: Motley Fool Ventures, Will Ventures, Uncork, Offline Ventures, Joyance Partners, Wisdom Ventures, Eudemian Ventures, Business, Big Tech, Sunnyside Locations: Sunnyside, San Francisco, Valley

☆ Heali is using 'food as medicine' and AI to help users treat their health conditions. Here's an exclusive look at the pitch deck it used to raise a $3 million seed round.
▼ + stars: | 2023-11-09 | by ( Samantha Stokes | ) www.businessinsider.com time to read: 1 min

Heali is a new startup that helps users develop nutrition plans to treat health conditions. The startup just raised a $3 million seed round from Astanor Ventures. One startup is betting that eating healthier doesn't just have nutritional benefits — it can also help people manage their health and treat chronic conditions. The startup, Heali just launched with $3 million in seed funding from Astanor Ventures. Based in Santa Monica, Heali offers nutrition plans created by registered dietitians with the help of AI, that consider individuals' food sensitivities and intolerances, as well as health goals and medical conditions.

Organizations: Astanor Ventures Locations: Santa Monica

☆ Legal tech startup Responsiv is bringing AI to in-house attorneys to help them save time and money. It just raised $3 million from Greylock.
▼ + stars: | 2023-11-02 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

But by building a program with "guardrails," a new legal tech company is working to bring all of the benefits of artificial intelligence to companies' in-house legal teams without the risks. Based in Chicago, Responsiv is an AI assistant for in-house legal teams. With Responsiv, in-house counsel can quickly get answers to legal questions that are easily verifiable, saving companies time and money. "There's a noticeable gap in innovation tailored specifically to in-house legal teams," Domash said. Funding for legal tech has fallen in 2023, according to Crunchbase, but many startups in the space focus on law firms.

Persons: ChatGPT, Mike Duboe, Nikita Solilov, Jordan Domash, Jordan, Nikita, Duboe, Domash, Responsiv, We'll, Darrow Organizations: Greylock Partners Locations: Chicago, Silver, Greylock

☆ Here's an exclusive look at the pitch deck that Yuzu Health, which offers AI-powered health plans for startups, used to raise $5 million from investors including Lachy Groom and Altman Capital
▼ + stars: | 2023-10-31 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Yuzu Health is working to bring that system to the world of startups. Yuzu Health currently powers 10 healthcare plans for thousands of members, he said. "Broadly, we're excited about being modular and, as a new player in the space, unlocking startups' abilities to get self-funded plans." Yuzu Health joins a growing ecosystem of startups that are helping other startups operate and provide better perks and conditions for their employees. Check out the 15-slide pitch deck Yuzu Health used to land $5 million in seed funding:

Persons: Lachy Groom, Vanta, Max Kauderer, Yuzu, Russell Pekala, Ryan Lee, Kauderer Organizations: One Ventures, Altman, Browder, Unicorn, Coalition, Health Locations: Yuzu, New York

☆ Cooper is a growing virtual support system startup for the modern parent. Here's an exclusive look at the 14-slide pitch deck it used to raise millions for its pre-seed round.
▼ + stars: | 2023-10-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Two years later, their brainchild has officially launched: Cooper, a support system for parents offering one-on-one sessions, virtual events, and other tools. The startup just raised a $2 million pre-seed round co-led by Difference Partners and Kli Capital. XFactor Ventures and multiple angel investors, including the founder of workout brand SLT, Amanda Freeman, also participated in the funding round. "We still dealt with the headwinds faced by female founders in general and particularly who are creating services that will support women," Slome told Insider. Check out the 15-slide pitch deck Cooper used to raise $2 million in pre-seed funding:

Persons: Gabby Slome, Ariel Boorstin, Cooper, Amanda Freeman, Boorstin, Slome, Ollie, Cooper's Organizations: Difference Partners, Kli, XFactor Ventures, of Psychiatry Locations: New York City

☆ Startup workers are on edge
▼ + stars: | 2023-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at why startups that have navigated multiple rounds of layoffs have left their workers feeling defeated. It's a question more and more startup employees are contemplating amid a historic downturn in the industry coupled with a pullback in VC funding. But as Insider's Samantha Stokes and Madeline Renbarger detail, employees are on edge nowadays because of the threat of multiple layoffs in a short time. Why work for a corporate entity and be a cog in the wheel when you can get hands-on experience at a startup? AdvertisementAdvertisementiStock; Rebecca Zisser/InsiderBut just because layoffs are a necessary evil of the startup industry, that doesn't mean employees' concerns aren't warranted.

Persons: —, Jamie Dimon isn't, JPMorgan's Jamie Dimon isn't, Samantha Lee, Samantha Stokes, Madeline Renbarger, Samantha, Madeline they've, Rebecca Zisser, Severance, Jamie Dimon, David Rosenberg, Myriam, Airism, Arantza Pena Popo, Chris Rondeau, it's, Katy Perry, Pablo Picasso, Kiersten, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, What's, JPMorgan, EV, Microsoft, TikTok, IBM, Boeing, Meta, Mattel Locations: Southern California, New York City, San Diego, London, New York

☆ Startup employees are reeling as they brace for back-to-back rounds of layoffs: 'When it happens again, you start to lose that confidence and faith in your leadership.'
▼ + stars: | 2023-10-25 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +9 min

For the startup employees interviewed by Insider, the constant threat of layoffs is having a detrimental effect on company morale. said one employee working at a growth stage startup that's conducted three rounds of layoffs this year. For Reay, the former Sendoso employee, constant rounds of layoffs gave him and his surviving colleagues "strategy whiplash." "When it happens again, you start to lose that confidence and faith in your leadership." Some startup employees are reconsidering their future in the industryAs startup employees brace for the potential of more job cuts, they say that the experience has them second-guessing whether to stay in the industry at all.

Persons: Sean Reay, it's, Reay, SoftBank, Sendoso, what's, I'm, Raey, SchoolMint, I've, you'd, he's, Jackie Xu, Xu Talent, Kleiner Perkins, Xu, you've Organizations: Facebook, Meta, Twitter, Sendoso, GV, Google, Employees Locations: San Diego, That's, SPAC

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