Capital Market Climate Change
JULY 16, 2013
Perhaps you are caught in the “Series A crunch” or perhaps you are a consumer company and expected that you would be valued on users rather than revenue like the last time. Had you not had the experience of raising your last round so easily, you might have seen this round coming. As if the price could never go down. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. Yes, we did a down round.