Laid off from your tech job? Day One wants to give you $100,000 to start a company

Day One Ventures has launched a program aimed specifically at those impacted by tech layoffs this year. The program, titled “Funded Not Fired,” will write $100,000 checks into 20 startup teams by the end of the year. Top businesses from the cohort will then get follow-up capital from the firm to lead their pre-seed round with a $1 million check. In total, the firm is allocating at least $5 million from its $52.5 million fund to back founders spinning out of turbulent startups. Aspiring founders don’t need an incorporated company, or even a fully flushed out startup idea, to apply to the program. The deadline to apply is November 25, 2022 and final decisions will be made by . . .