Despite the current climate, characterized by economic adversity, the entrepreneurial spirit is ... [+]
Despite the current climate, characterized by economic adversity, the entrepreneurial spirit is still alive and well. Believing in the startup ecosystem, Wellfound CEO Amit Matani, in a wide-ranging interview, said that he is optimistic about the future growth of startups.
AngelList Talent, part of the well-known and highly respected venture capitalist and startup firm, AngelList, spun off from its parent company and established its stand-alone brand: Wellfound. Matani’s newly rebranded platform is a one-stop shop that offers a wide array of job listings, resources for job hunters to learn about companies in this sector and tools for companies to search and recruit top talent.
Jobs: From Early Seed Stage To More Mature Startups
Wellfound provides over 130k tech job listings for startups ranging from early seed stages to more mature and iconic organizations, and boasts over 8 million job seekers looking for exciting and meaningful opportunities. The businesses include job postings in fintech, crypto, bioscience, healthcare, transportation, blockchain and many other industries. Some examples of the featured companies include Neuralink, Instacart, Patreon, Crunchbase, Betterment, Revolut, Republic and Coinbase.
Startup Job Seekers
One of Matani and Wellfound’s missions is to share with everyone what's next in the sector and how people can readily find exciting opportunities to build and grow their careers with access to over 100K startups.
Hunting for a position at a startup is different from interviewing with large, bureaucratic, Fortune 500 organizations. Since startups are smaller than tech giants, like Apple, Microsoft, Amazon, Google and Meta, job seekers can better investigate and learn about the leadership team and workers, understand their mission statement and find companies that meet their interests and passions. With so many opportunities in various industries, you can find a role that offers meaningful work, a sense of purpose and the feeling of being part of something that could one day turn out to be the next, great tech company.
Despite Challenges Ahead, There Is A Reason To Be Optimistic
There have been around 150,000 layoffs in the startup and tech space. Funding has dried up. Venture capitalists are not as active as last year, and nascent companies are worried about burning through all their funds.
The Federal Reserve Bank will continue to hike interest rates to combat 40-year, record-high runaway inflation, disproportionately impacting startups. As relatively cheap money was flooding Silicon Valley over the last 10 years, investors threw money at new VCs to gain access to the next, hot, billion-dollar unicorn company, which would result in a windfall for the wealthy and institutional investors.
The spigot has largely been turned off. Naysayers opine that startups have lost their luster, and it will take years to recover. However, history shows that some of the best-known and most successful companies, including Microsoft, Airbnb, Uber and Slack, started during a recession or challenging economic times.
