| |  | | Dear Startup Investor Reader,
Neil here.
In the wake of WeWork's dramatic implosion late last year, the tech world has been scaling back its growth initiatives and focusing more on profitability.
That means two things: first, angels and VCs are investing more in businesses with proven revenue-building strategies; and second... layoffs. Startup-land has been hit hard this month with wave after wave of layoffs. Among those affected: 23andMe, Quora, OYO, Zume, Uber, Getaround, and many more.
But that doesn't mean Silicon Valley is in trouble. In fact, I'd argue this is a great sign - startups are finally coming back to Earth with their expectations for growth and focusing more on what's really important: making money.
Over the past week, we covered this and much more. To catch up, just check out any of the links below.
Until next time,
Neil Patel
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