Earnings szn

Big tech earnings came and went this week. And they unfortunately largely disappointed. Apple may have been the savior of tech as it bounced 7.5% today. Nevertheless, the markets see trouble in the slowing growth of tech as Google, Amazon, Meta and Facebook lost over $350B in market cap.

This does not translate well for us at tech startups. The trouble will continue as investors grow vary and multiples continue to shrink.

I was hoping that the waters would calm toward the end of the year, but all signs point to more turbulence ahead. We’ll need to continue to hold on and make adjustments to weather the storm.