Big Read

Is the party over? Irish tech braces for a shock as the easy money dries up

For years, cash flowed freely and plentifully through the veins of this country’s tech industry, but with a potential global recession looming on the horizon, venture capitalists are ordering companies to tighten their belts and slash their costs. Can the sector avoid a full-blown crash?

Most companies that have raised funds recently are now being advised to “lengthen their runway”, which in investor speak essentially outlines how many months a business can keep operating before it runs out of money.