Behind tech layoffs lay cash flow-negative companies
Interesting to see some of the comments from people who are so buried in the bubble that they can&#x27;t see how bad these companies often are.<p>I feel like this insanity started in SV and has grown out to the other tech hubs over the past 10-12 years.   Whatever the case it&#x27;s made me glad I never managed to move out to SV.<p>I&#x27;ve tried to navigate my career around not ending up at this kind of company.   The common things IMO:<p>- Not profitable<p>- Keep getting more rounds<p>- Likely B2C<p>- Likely involved web marketing, ads, etc..<p>- Likely involvement in &quot;social&quot;.<p>They&#x27;re all a gamble.. if you&#x27;re young&#x2F;single and have little to risk and you go to one of these and it hits you might win big.. but they&#x27;ve never been safe&#x2F;responsible companies.<p>I did work for 1 year at one place that I quickly realized was super messed up.   It was amazing to me when they IPOed with accelerating losses.<p>It wasn&#x27;t always this way.. you used to have to make solid product with a business model that clearly showed growth AND profitability.