The tech economy is heading off a cliff

The Market Ear Picture

The (tech) economy is heading off a cliff

"It feels like the economy is heading off a cliff right now. In our larger portfolio of companies I can see the trajectory. After Q1 board meetings 1/3 were missing their numbers and it felt like the ones missing were related to these specific companies, not a macro trend. After Q2 board meetings 2/3 were missing and after Q3 board meetings, like now, the entire portfolio is re-forecasting. Even the best companies are seeing major headwinds. This is an economy wide-slowdown" (David Sachs)

Tech's relative crash stays intact