Cram Down – A Test of Character for VCs and Founders
Steve Blank
APRIL 26, 2022
At the turn of the century after the dotcom crash, startup valuations plummeted, burn rates were unsustainable, and startups were quickly running out of cash. This article previously appeared in TechCrunch. Cram downs are back – and I’m keeping a list. But now with the economic conditions changing, that’s no longer true.
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