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lohvei0r t1_ivzpqqi wrote

I work at a AI series C company and we had layoffs on march and freeze hiring. Board told leadership to adjust the burn rate to last 2-3 years.

Original plan was to get funding next year. So, yes, market reached peak early this year and most companies are adjusting for at least 2 years down turn.

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AchillesDev t1_iw2m5iw wrote

I only see one example in your post of adjusting for such a slow burn rate. Might be a good strategy but I’m not sure most startups (especially earlier stages) are doing this, at least not yet.

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