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As late-stage tech startups face the changing environment in the public markets, their early-stage counterparts are in a different world altogether. The cohort has had access to ample capital in recent quarters, giving them a bubble of venture capital that somewhat protects them from rapid changes in the greater economy.
But while the bubble is not popping, it’s changing shape.
While we may not see early-stage startups go through aggressive rounds of layoffs or experience immediately slashed valuations due to shifting market conditions, there’s a different signal worth tracking: pivots. Pivots — a change in business strategy based on a new insight or market trend — are somewhat inevitable for young companies still chasing product-market fit. I’d argue that pivots are more important to track than a financing round because they give a snapshot of a startup reacting to a new tension in the market. Plus, unlike a funding round, a pivot is a…
