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Lack of VC funding forces startups to think lean
Startups are typically at the mercy of venture capitalist funding, but as of the first quarter of 2016, VCs are pulling back on how quickly they hand over that much-needed funding. According to a report from Dow Jones VentureSource, funding for U.S. startups fell 25 percent from the previous quarter -- marking the largest quarterly decline since the dot-com bust in 2000.It's bad news for startups. As these small companies feel the pressure, they're forced to budget cuts, layoffs and buy-outs as a way to stay afloat amid limited funding. Startups will need to get strategic, says Al Stevenson, a principal with WinterWyman Executive Search's Technology practice.To read this article in full or to leave a comment, please click here