If a company is succeeding at their mission and generating real value, I don't see any rush to get employees out the door. The companies that are doing what is necessary to survive are actually more appreciated by their employees. As difficult as it may be, some companies have been downsizing and reducing work forces. While that's very unpleasant for people who lose their jobs, the ones who are still there ironically appreciate that management is doing what's difficult but necessary. It's a sign that management intends to survive.
Employees appreciate that instead of having everyone stand around as the money runs out.
Lots of investors say that the VC community rushed too many companies into public markets too quickly, in part causing the Internet stock bubble and the corresponding burst. I guess we accepted an invitation to the party. A big party started raging and no one's quite sure of who originally threw it, but everyone participated, all the way through the buy side and institutional funds. They made a lot of money buying stocks that had momentum. The bankers certainly packaged a lot of companies and evangelized the salient points about what brilliant futures these companies had.