Will VCs watch and let their startups die?
Just curious what everyone's thoughts are here. Particularly helpful if you currently work at a VC-backed startup or are in VC/growth equity. It would appear that the companies which are way behind their financial plans for 2022 are needing a bridge round to buy more cash runway. But not every VC is going to be supportive especially in this current environment ... have you guys seen or anticipate more VCs not willing to continue providing funds and just let some of their (lagging) portfolio companies die?
What I'm seeing is a push to reduce expenses, down rounds and convertible notes rather than a full on raise when more runaway is needed.
Convertible notes and not SAFEs?
Yes- I've been seeing convertible notes
rather than SAFEs.
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