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Looking at PwC MoneyTree's almost 20 years of venture investment data (below), it turns out that the Series A crunch is a phenomenon that is disproportionately driven by, and will disproportionately impact, the bottom of the startup financing market: angel investors.
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And on the bottom of the emotional startup curve there is nothing crappier than having to lay off 60 employees in one day.
On one hand you have large, established vendors who are struggling to move to the cloud with their customers, while fighting disruption from startups at the bottom of the market.
This implies that much of the startup wage premium in the cross-section can be attributed to selection, and that VC-backed startups pay competitive wages for talent.
We live in the age of the startup.
Such is the Hobbesian world of the startup.
By James Surowiecki We live in the age of the startup.
At the bottom of the list was Biotech, with less than half a percent of Biotech startups getting any coverage.
Startups typically avoid these decision makers at first, instead driving adoption from the bottom of the sales organization up.
Bottom of the eighth.
And bottom of the pile?
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