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Billionaire investor Penny Pritzker advises entrepreneurs: ‘The world has changed’

Penny Pritzker took advantage of an appearance at San Francisco fintech Finix to share her advice for startups navigating these uncertain times. “The world has changed, and it’s not going to be easy,” Pritzker said of the current economic  environment, with the Federal Reserve raising interest rates, stock prices falling and inflation surging. “We’re advising our companies to focus and to shore up their financials — make sure that balance sheets are strong so they can navigate through what I think is going to be a rough 18 to 24 months,” said Pritzker, who also serves on Microsoft’s board and is founder and chairman of Chicago private investment firm PSP Partners and its affiliates.

It’s looking a lot like the dot-com crash again. Is the economy headed for an early 2000s-style recession?

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