Masha Bucher (Drokovoy) Day One Ventures is investing $2 million in 20 startups founded by recently laid off employees from Twitter, Meta*, Stripe and other tech companies.
Masha Bucher announced the launch of the Funded, Not Fired program on November 8 on her Facebook page**. “Through Funded, not Fired, we’re helping 20 new entrepreneurs and teams get $100,000 in financing and get started. In 6 months we will select the best companies and we will lead their seed rounds with a check for $1 million”, said the head of the fund.
The goal of the program is to support startups that have at least one founder who was recently laid off from a technology company.
“We were too optimistic”: why tech giants are laying off employees en masse
You can apply to participate Link.
- Previously, Meta laid off 11,000 people, or about 13% of the state, Mark Zuckerberg cited “excessive growth” as the reason.
- Payments startup Stripe laid off more than 1,000 employees in November, its co-founders blamed themselves.
- Twitter’s new owner, Elon Musk, has also cut the company’s staff in half.
Cuts are being announced across Silicon Valley as the industry looks to cut costs, blaming the downturn in the economy.
Author:
anastasia mariana
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
