After years of funneling cash into the grand ambitions of startups, silicon Valley Indulge in serious investor rituals giving survival advice for their portfolio companies.
In recent online slide presentations, blog posts and social-media threads, venture-capital giants including Lightspeed Venture Partners, Craft Ventures, a type of tree Capital and Y Combinator are telling founders they need to take emergency action for the sharpest turnaround in more than a decade. His advice includes cutting costs, conserving cash and hoping hedge funds or other investors swoop in with big checks.