📚 Joerg's Highlights

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A batch of the best highlights from what Joerg's read, .

Investors like Philips and Levy are looking for survivors in sectors that continue to bleed. Just last week, VC-backed lending startup Happy Money cut 40% percent of staff, or 89 people, according to a spokesperson. The company told staff “capital supply has not returned to the pace” it expected, according to a memo seen by The Information. The job cuts have not previously been reported.

Investors Circle ‘Most Hated’ Fintech and E-Commerce Sectors

Natasha Mascarenhas

This new reality is evident in multiple ways, as this report shows. Valuation multiples for software companies have dropped by a third, and the European tech sector witnessed over 10,000 layoffs just in the first quarter of 2023.

Atomico-State_of_european_tech_report_2023_1

readwise.io

This has been seen in the revival of so-called [“ghost towns”](https://www.wired.com/story/spain-startup-act-digital-nomad-visas/) across regions in [Spain](https://www.euronews.com/travel/2024/07/20/half-our-villages-are-dying-how-digital-nomad-hubs-are-reinvigorating-rural-europe), Portugal and Italy.

Digital Nomads in Spain 'Bullied' as Anti-Tourism Sentiment Swells - So What's the Solution?

Miriam Partington & Anisah Osman Britton & Tom Nugent & Rob Bier

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