What Gumroad's Failure to Become a Billion Dollar Company Can Teach Us About Venture Funding

With Meta freezing hiring last week, as well as a number of prominent tech companies announcing lay offs, it could be that the market has already turned to take into the account the exogenous factors of weak growth, record inflation, high energy prices and hostile de-globalisation. Or it could be that companies are just artificially pumped with VC money. Excellent post using the story of Gumroad as an example of what happens to company culture and hiring imperatives when you take a shed load of money….