Mass layoffs are creating a new generation of founders building climate, health, and fintech startups
Accelerators and matchmaking programmes report triple-digit increases in applications from staff leaving affected firms.Rob Pankow always tries to prepare for the worst,"especially when times are very good."
But his severance money meant he could do something he had always wanted to: Start his own company. As the cofounder of cybersecurity startup Simplyblock, he is part of a new wave of founders born of tech layoffs. In 2022, programme applications from founders working at tech companies that have made layoffs increased by 111% to 1,273. , which makes fundraising a particular challenge for startups right now.
Antler has seen an upward trend in those with technical backgrounds, according to one of the firm's partners Christoph Klink."I believe that this is a clear sign of a new generation of founders emerging, who are building more technologically complex businesses with even greater disruptive potential."
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