At the 2022 Web Summit tech conference, startup founders and investors warned fellow entrepreneurs it was time to rein in costs and focus on fundamentals.
Multibillion-dollar unicorn companies will collapse in "spectacular failures," Par-Jorgen Parson, partner at venture capital firm Northzone, told CNBC. That was the message from the Web Summit tech conference in Lisbon, Portugal, earlier this month. Startup founders and investors took to the stage to warn fellow entrepreneurs that it was time to rein in costs and focus on fundamentals.
Source: News Formal (newsformal.com)
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