Saved by Mark Fishman
Employee-VC Alignment
New launches (part 1) - private capture, phantom pricing
open.substack.com
Sure, macroeconomic conditions change and the cost of capital underpins everything loss-making, high growth start-ups are valued on. It just feels a bit tough on founders like Teo, who now had to fire 44 people to fit a growth profile that, until two months ago, was likely the apple of her VC investor’s eye.