Here on the eve of Thanksgiving in the United States, this column spent a good portion of the morning hunting up something to be thankful for in startup land.
There are options: The world has never been more software-centric, meaning that the core startup product is well-aligned with long-term macroeconomic trends. That’s good. Consumers are also holding up better than some expected given the global backdrop of rising interest rates and hard-to-tame inflation. And despite endless calls for a recession either tomorrow or the day after, key economies in tech continue to grow.
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Sadly, for many startups, the news is overall more negative than positive. For example, tech investment is falling, valuations are down, IPOs are frozen, layoffs abound, and startups that decided to put off fundraising due to turbulent market conditions may wind up with the short end of the valuation stick. (The good-news version of this point is that some startups did raise d …
