Venture Capital Funding Has Tumbled Back to 2020 Levels

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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