Startups across the globe are reckoning with a down cycle as a result of the overall macro economic environment and some practices that were long romanticized by Silicon Valley - such as growth at all cost - that have led to bloated startups with a high cash burn and a long path to profitability. I speak to Basil Moftah, General Partner at Nclude, a Venture Capital firm based in Egypt about the impact of the global environment on local startups. We also discuss the challenges that Egyptian startups are facing as they experience spiraling inflation in their own country. How are resilient entrepreneurs and the overall venture capital industry navigating this down cycle and what are some of the lessons learned?
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