GSA News June 2022: Downturn Bites, Unicorns Cut Staff

Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · Jun 30, 2022 · 29m

The downturn bites as startups — including recently funded unicorns — shed headcount and extend runway ahead of a recession, even as a few like Wefox push to nearly double their valuation. This June 2022 GSA roundup with Jörn “Joe” Menninger.

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Why this episode matters: Headcount cuts beside a few aggressive raises show a market splitting. This roundup reads how DACH startups braced for recession in mid-2022.

In this episode, we cover:

The downturn forcing headcount cuts

How unicorns extended runway

Wefox pushing to…