Frugality, Ping-Pong Tables and Silicon Valley Startups
MAY 16, 2016
When tech startup Appthority was looking for new office space early last year, Domingo Guerra suffered a bad case of sticker shock. Meanwhile, the warnings continue about the fragile health of the unicorns — companies with a paper value of $1 billion or more. So it’s no wonder that tech startups are cutting back on perks and tightening belts. It’s hardly armageddon that startups are being forced to focus more on generating revenue. Suddenly, burn rates matter again.