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In a hip Beijing noodle place, a young VC: my boss told us to stop investing in any case since August. He said our job for the rest of the year is to exercise. The startup founder: I laid off 10% of staff immediately after I closed this round of funding. My investors liked it.
The founder then complained about an employee who quit this week because she wasn't happy about a 15% raise after working there for only six months. The VC: her intelligence about the job market must be several months old.
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