Today, it may be easier for start-ups to recruit top technology talent.
This is one of the few glimmers of hope related to the economic slowdown. On Thursday night, graham& This was emphasized by the panel speakers at the walker reconnect speaker event, which was held in Amazon spheres for the first time in three years.
It’s hard to ignore the pessimism in the room. From large companies to start-ups, all layoffs take place in the technology world. But the speakers delivered a potential message in this recession: stay strong and clear headed, and you can build a lasting business at this moment.
“When there is an interruption, there is an opportunity,” said jeffspector, co-founder and President of karat, a Seattle start-up.
Juliesandler, co-founder and managing director of Pioneer Square labs, said that startups may have better opportunities to hire employees during the economic downturn. She said that this is the first time that employees of large technology companies have seen the “floor falling off” under them. Because of this, many scientific and technological workers hope to “pursue their dreams” and join an early company.
There were two panel discussions, one focusing on founders and the other on investors. Members of the founder group include: Spector, co-founder of karat; Maria colacurcio, syndio CEO; And sulby lator, co-founder and CEO of symbl. artificial intelligence. Members of the investor group include: Sandler of PSL; Tina Hoang to, founding partner of kin ventures; Ken Alston, venture investor of Amazon climate commitment fund. Hosted by Annie van der mee, technical editor of Bloomberg.
The following are other important gains of the group:
Symbl。 Athore, co-founder of AI, said that she faced conflicting feedback from investors on how to deal with the economic downturn. Some investors said they should reserve capital and adopt a conservative attitude. Others say they want to seize this moment and grow. She said she would take the advice and apply it to her company “when it makes sense”
When dealing with the economic downturn, having a diversified team will be rewarded. Colicurcio, syndio’s CEO, said that it is not good to overestimate a specific set of experiences if you have a team that looks the same. She said that founders should look for employees from various backgrounds to provide background and perspective in unprecedented circumstances. Colacurcio’s company helps companies improve workplace equity, adding that large technology companies should fulfill their commitments to diversity, fairness and inclusiveness. “Don’t use the economy as an excuse not to do Dei,” she said.
Sandler, the co-founder of PSL, said that M & A activity was increasing and the founders were using their company’s shares to acquire enterprises.
Due to the debate on teleworking, the rules have not yet been developed. Sandler said that no matter what big companies choose to do, they will create a unique competitive advantage for start-ups when recruiting talents. Hoang to added that many transactions are now conducted remotely, which means that founders can raise funds from all over the country.
When asked how to persuade venture capitalists to invest in start-ups during the current economic downturn, Sandler said that she was looking for entrepreneurs who could answer the following questions: Why me? Why now? She added: “when we hear a great story, we are excited to invest.”