Collision tech conference kicks off in Toronto amid industry downturn, layoffs

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

For many in attendance, it was their first large-scale conference since COVID-19 cancelled gatherings more than two years ago

Collision tech conference attendees filtering through the doors of a Toronto convention centre on Tuesday faced a scene that looked a lot like the pre-pandemic event, but an uneasy atmosphere hung over the crowd.

“The global venture capital market is really at a pivotal moment after coming off of 2021, where there was record deal value, record exit value generated and record fundraising,” said Kyle Stanford, a senior venture capital analyst at data company PitchBook. While local mask and vaccine passport mandates were dropped in time for the sold-out event, Collision CEO Paddy Cosgrave anticipated many would forgo handshakes and take advantage of an expanded event space, including a new outdoor area with meeting spots.

“It’s just unbelievable, so what does that all mean for the wider sector?” he said. “Is this a good time to start a company? Is this a bad time to be raising? Is it a good time to be an investor?” “None of them have said, `Oh, no, I don’t want to be asked the serious questions,’ but things have suddenly come up Crypto’s leading lights are unwilling to answer tough questions. They’re just running for the hills.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Collision tech conference kicks off in Toronto amid industry downturn, layoffsCollision CEO Paddy Cosgrave expects the downturn to be a hot topic at the conference Get Woke Go Broke is economics law at this point.
Source: globeandmail - 🏆 5. / 92 Read more »

Collision tech conference kicks off in Toronto amid industry downturn, layoffsThe first full day of the Collision tech conference got underway in Toronto this morning as the industry grapples with a downturn.
Source: CP24 - 🏆 30. / 67 Read more »