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@exitfundvc

Investing in the grittiest #founders globally. Letting #angelinvestors join in. Apply on our website!
San Francisco, CA exitfund.com Joined March 2022
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Exitfund Verified account @exitfundvc
Canva is changing the jobs of 1,271 people, about 22 percent of its team.

Some will lose their jobs, others will change roles or move locations. It is the first mass layoff in the company’s 13 years.

CEO Melanie Perkins said growth slowed for the first time in a decade and called it their hardest year yet.

Leaving employees get at least six months of pay, a year of health cover and a 10,000 dollar grant if they want to start their own company.

Even great companies hit slow years. How a founder handles it is what people remember.
Exitfund Verified account @exitfundvc
Tech stocks lost about 1.3 trillion dollars on Friday.

Intel fell 28.6 percent, its worst day since 1974. It beat profit estimates, but its cash burn warning scared investors.

Amazon dropped too as investors looked at how much cash it is spending on AI.

Together the two lost close to 200 billion dollars in value, and Wall Street had its worst day since June.

Spending billions on AI is easy. Earning it back is the hard part.

Do you think AI will pay off?