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From VC Gold Rush to Funding Drought

The article lays out exactly how we got from the 2020-2021 gold rush to today’s funding drought. The VC party got way out of control - too much money, too few great startups, and now reality is ... hard.

Down rounds are everywhere, exits have dried up, and valuations are in free fall. One stat that stood out: Nearly 1 in 5 funding rounds today is a down round. That’s brutal for founders who raised at peak valuations.

This isn’t the end of VC - just a painful correction. The survivors will be leaner, stronger, and focused on real business fundamentals again. The history repeats itself.

From VC Gold Rush to Funding Drought
From VC Gold Rush to Funding Drought

Originally posted on X

PS: I'm pretty active on 𝕏 if you'd like to follow along

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