Business
Y Combinator urges start-ups to ‘plan for the worst’ in economic slowdown
Prestigious Silicon Valley-based accelerator programme warns companies of difficult time ahead as economic conditions worsen
Should start-ups be worried about a global economic slowdown? Yes, according to Y Combinator, the prestigious Silicon Valley-based accelerator programme.
It warned in a note to companies recently that it is time to batten down the hatches.
Given that well-known tech companies such as Airbnb, Stripe, Coinbase, Doordash, Instacart, Reddit, the Athletic and Dropbox all got a signficant lift after securing spots on the Y Combinator programme early on, their advice is worth heeding.
“No ...