HN user
Bro, you are out of touch with regular people. VCs are no way indication of how regular ecomony functions. For a software engineer who lost his/her job and now struggling for months is real signal. Same with business who are one or two payments away from closing down.
BLS is government resource. Same with job reports, data gets revised often.
That started this month. But, job loss after revised job reports are not false. I can't find the tweet right now, but it had extreme detail analysis how we are losing jobs.
VC raising funds have nothing to do with ecomony. It is rich people moving money among each other. If you believe in trickle down, then perhaps part of these record breaking funds will flow to rich and connected founders.
For everyone else, there is a big struggle.
It appears that economy is in widespread recession. Hundreds of thousands have lost jobs. Job reports are getting revised after every few months.
I saw a tweet that showed we had a net job loss when revised reports are accounted for. I see thousands of videos on TikTok saying people are struggling.
Many job gains are in low-wage category.
I don't know what is going on. We have a business but people have stopped buying for the most part in last 6 months.
Anyone else see your business or startup struggling to close deals in last 6 months?
Hope it doesn't last longer. Slow bleeding is worse than hard recession.