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Wednesday, February 8, 2023

Venture Capital Firms Have Very Bad News for Startups

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Venture capital corporations reminiscent of Sequoia Capital and Y Combinator have sounded the alarm for startup corporations that the times of elevating capital simply are over.

The well-known VC despatched 250 founders a 52-slide presentation by way of Zoom on May 16, alerting them to a “crucible moment” as increased charges of inflation, volatility within the inventory market and several other geopolitical points led to much less certainty within the enterprise capital market. The presentation was seen by The Information.

Sequoia informed the startup founders that there seemingly is not going to be a “swift V-shaped recovery like we saw at the outset of the pandemic,” and as an alternative advisable that they consider their corporations for prices that might be slashed.

Source: www.thestreet.com

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