Dropbox cut a bunch of perks and told employees to save more as Silicon Valley startups brace for the cold

• Dropbox cut a bunch of perks and told employees to save more as Silicon Valley startups brace for the cold
• According to research firm CB Insights , “down rounds,” in which companies raise at lower valuations than previous rounds, have outpaced the number of VC-backed unicorn startups since the last quarter of 2015.
• As more investors turn their focus to profitability, startups that burned through cash at a high rate are struggling to go public at their previously set private-market valuation.

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@MichelNizon: “Will Unicorn Startups survive New Frugality Diet ?: (@eugenekim222) #Dropbox #finance #IPO”

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Dropbox is just one of the many startups bracing for the wind to turn in Silicon Valley.

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Dropbox cut a bunch of perks and told employees to save more as Silicon Valley startups brace for the cold