Sell-off in tech stocks spreads to private startups

Yes it is.

> Should people delay or hasten their startup process now?

Delay. The time to hasten the process (especially going public) was in 2019.

Now companies with extreme valuations, high operating costs and little revenue like Fast are somewhat doomed if they don't do something about it.

This is really the most impactful for companies who raised money at the peak of the market and now their stock price is under the last valuation. So lots of employee options are worthless now.

Those companies have lost 50% of their valuation. Instead of doubling to achieve the next round they have to 4X their revenue. It is a tough spot to be in now for them.

If anything the well funded competition is now going to have to figure out a real sustainable business model.