Venture Capital Funding Has Tumbled Back to 2020 Levels
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Last month, Silicon Valley kingmaker Y Combinator warned start-up founders to "cut costs," "extend your runway," and "plan for the worst" as declining markets suggested venture capital funding would soon dry up like a California desert.
On Monday, new data showed that VC funding has fallen 27% in the current quarter. While the funding environment is no desert yet, it may be wise to treat any oasis as a mirage.
Source Fool.com
