Tech investors warn of recession's impact on startup funding and growth - Business Insider

warned a US recession was on the way, with economic growth set to stall in the first quarter before contracting 5% in the second.

Rob Kniaz is a partner at Hoxton Ventures, which has backed European unicorn startups including Babylon Health and Deliveroo. He said: "This will undoubtedly cause a recession — the major question is how quickly can we recover. Clifford said some venture capitalists were using the stress of the present moment as cover to take "pretty unusual steps".

"The days of growth at all costs, sky-high valuations, and endless funding are clearly numbered," she said. "I think late-stage and growth financing for bigger startups is definitely going to slow down this year, compared to 2019," the person said. "And I think you could expect to see some valuations get downgraded as part of the overall market slowdown... A recession is inevitable."Dawn Capital, the early-stage software investor whose portfolio included payments firm iZettle, struck a more optimistic note.

🥺

Good. Clean out the trash.

The US economy is strong. This will pass. All the Fake News and scare tactics will dissipate...

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