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Silicon Valley Bank collapsing is putting pressure on tech companies to actually turn a profit, so they're turning to slimy tactics just to survive IPO
That's an interesting thought, seems potentially plausible. Is this something you're spitballing yourself, or is this an idea that's been flying around?
I work in tech startups and it's well known that equity is much harder to come by and comes with much more strings since the SVB collapse. The VCs are hurting and SVB was a wakeup call for them to be more active about getting value from their ventures.