(Editor’s note: this is a syndicated article from Crunchbase News, written by research lead Gené Teare)
As we look at the current economic situation and try to navigate what’s ahead, an analysis of the 2008 downturn and how that impacted funding proves helpful. In an effort to help our readers put what’s happening today into context, we jumped aboard an analytical time machine set for 2008 when investors were sounding strong alarms to their venture-backed companies.
At the time, such investors were telling companies to assess their runway and get profitable toward the end of the third and beginning of the fourth quarter in 2008.
To put it bluntly, Sequoia warned startups to “Get Real or Go Home.”
The
