Katzenberg: Silicon Valley layoffs will fuel the next generation of startups
Jeffrey Katzenberg · 20VC: Why Operating Experience Becomes Irrelevant Fast and Operators Often Give Bad Advice to Founders, Is Silicon Valley Really Dead? Are Gen Z the Most Entitled Employees? What Will Happen to a Generation of Pre-PMF Companies with $50M in the Bank with · Nov 23, 2022 · at 19:08
Jeffrey Katzenberg, co-founder of WonderCo, refutes the narrative that Silicon Valley is dead, arguing tech layoffs will spur new startup creation.
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“Harry, I'm going to say to you, not only do I feel it's not dead, I'm going to take a contrary point of view that what in fact is going on in the Valley today is going to create a whole new crop, a whole new generation, because all the downsizing that's going on, there are thousands and thousands of people in Silicon Valley being laid off from jobs who are going to fuel a whole new generation of innovation and creativity and people heading out on their own Creating next generation, brilliant companies. You watch.”
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