Public optimism doesn’t convert to checks, founders report

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
How quickly our world has changed. In late February, TechCrunch covered the news that TripActions, a unicorn four times over, had secured a $500 million credit line to help it scale its corporate travel-focused business; however, it became known yesterday that TripActions is undergoing stiff layoffs after the corporate travel market transformed from growing to moribund in light