When the venture-capital financing market began to sputter last year, investors told their portfolio companies to make swift changes or risk going under. Roughly a year later, a picture is emerging of what type of belt-tightening occurred and what worked best.
Startups made a variety of cuts to survive, investors say. Some made traditional moves, such as trimming new product offerings. Others took more unconventional paths like preserving sales and marketing divisions, which have traditionally been among the first on the…
