Perks Vanish as Funding Recedes for Startups

A large number of lucky millennials joined the workforce when fast-growing startups were awash with investor cash, confusing them about how much austerity is normal in business.

As startups pull back on perks, what happens to staff?

Kauffman Fellows Executive Chairman Phil Wickham recalls the dot-com bust and how young workers at startups "struggled en masse" with the pullback.

Wickham, who is also the CEO of Sozo Ventures, expects that the current pullback of fortunes at startups won't be as severe, and that many workers may actually thrive in a tougher environment where perks are not the focus.

Play the video to learn more.