It’s left many founders in a state of shock, said Thakker, a general partner at Battery Ventures in Menlo Park, California. An internal poll of Andreessen Horowitz’s portfolio companies, shared with Forbes, showed that more than half of them are pulling back on 2022 hiring. That sentiment is evident among companies in venture firm Andreessen Horowitz’s portfolio. Mallun Yen, founder of venture firm Operator Collective, estimates that about three times as many portfolio companies are at least exploring debt options compared with before the downturn. “I’m actually encouraging all of our portfolio companies to find fantastic talent at bigger companies,” Naik says.

Source: Forbes May 18, 2022 05:45 UTC