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. 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. A cram down is different than a down round. This article previously appeared in TechCrunch. They’re Back.
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