BusinessAug 19, 2024
Startups are running a little leaner
With dealmaking slower than it was in 2021, many startups are scrambling, trimming what is often their biggest expense: employees.
Data from Carta shows that headcounts have dropped across the board. For instance, seed stage companies have gone from having nearly 7 employees on average to just over 5, while companies that closed Series C rounds in the first half of 2024 did so with workforces that were, on average, 43% smaller than those of last year.
See the full article here.
Dataset
Fundraising round | Avg headcount (peak since 2019) | Avg headcount (H1 2024) |
---|---|---|
Seed | 6.9 | 5.3 |
Series A | 18.7 | 15.6 |
Series B | 58 | 47 |
Series C | 128 | 83 |
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