Cram Down – A Test of Character for VCs and Founders
Steve Blank
APRIL 26, 2022
Cram downs are back – and I’m keeping a list. Most existing investors (those still in business) hoarded their money and stopped doing follow-on rounds until the rubble had cleared. Except, that is, for the bottom feeders of the Venture Capital business – investors who “ cram down ” their companies.
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