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    <copyright>Nonarkara</copyright>
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      <title>EP.1 — The boom and the layoffs are the same story</title>
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      <guid isPermaLink="false">2026-07-21</guid>
      <pubDate>Mon, 20 Jul 2026 23:00:00 GMT</pubDate>
      <description>Good morning. This is Horizon 45, and I am Non. Eight minutes, and I am not going to sell you anything. Today the same week brought the largest startup funding round in history and one of the worst stretches of tech layoffs on record. Most people read those as two stories. They are one. Let me walk you through it, and at the end I will tell you the one thing worth doing today.</description>
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