Welcome back to Week in Review, our newsletter where we wrap up many of the top stories to hit TechCrunch over the last seven days.
The big thing this week, based on what people were reading most, were the details of a memo sent from Y Combinator to its portfolio founders.
As the markets continue to slide,YC is telling its portfolio founders that it’s time to batten down the hatches — cut costs, extend runway and get to a “default alive” state. “For those of you who have started your company within the last 5 years,” YC writes, “question what you believe to be the normal fundraising environment.”
Manish has the full 10-point email right here.