It's good news for thousands of laid-off employees from Meta, Twitter, Amazon, and others as a US-based venture capital (VC) firm is ready to absorb the sacked workforce flooding the American labour market after a massive retrenchment by the big tech majors of late.
Day One Ventures, the VC company, has said that it would pump in $1,00,000 (around Rs 81 lakh) in 20 entities started by people
Day One Ventures’ “Funded Not Fired” program will invest $100,000 into 20 startups with at least one founder who has been recently laid off from a tech.
When Stripe, a payments startup valued at $74 billion, laid off more than 1,000 employees this month, its co-founders blamed themselves. “We overhired for ..