TechCrunch – Tech layoffs are creating a new era of scrappy (and humbled) founders

Tech layoffs are creating a new era of scrappy (and humbled) founders
2023-02-17An emerging class of founders is reminding the ecosystem how collapse can be an activator.

Tech layoffs are creating a new era of scrappy (and humbled) founders by Natasha Mascarenhas originally published on TechCrunch

The onramps into Silicon Valley often include access to a smart mentor, a well-connected venture capitalist or even a rocket ship of a startup.

But an emerging class of founders is reminding the ecosystem how collapse can be an activator, as well. Laid-off talent is flocking to build startups within all sectors, from climate to crypto to the creator economy. And they’re hoping to course-correct where their alma maters — both Big Tech companies and small upstarts alike — went wrong.

New data from Day One Ventures, a venture firm backing seed-stage founders, shows how the seedlings are starting to bloom. Founder and GP Masha Bucher, who left her former life in Russia as a politician and TV reporter to become a venture capitalist, spun up a program to help potential founders in the wake of Stripe and Twitter’s recent layoffs.

She said she’s confident that at least 0.1% to 1% of the thousands of tech employees who were laid off this year could become incredible founders.

Tech layoffs are creating a new era of scrappy (and humbled) founders by Natasha Mascarenhas originally published on TechCrunch

Tech layoffs are creating a new era of scrappy (and humbled) founders

Related Articles

TechCrunch-Index Ventures thinks new startups will emerge in the downturn and is putting $300M behind that bet

Back in April 8, 2021 Index Ventures, one of the very few ‘original gangsters’ of the European VC scene, said it was kind’ve going ‘back to its roots’. It announced the launch of a new $200 million dedicated seed investing vehicle dubbed ‘Index Origin’. Now, if you cast your minds back, this was during the […]

Index Ventures thinks new startups will emerge in the downturn and is putting $300M behind that bet by Mike Butcher originally published on TechCrunch