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And, startups are struggling for cash investments now --- puts them at risk
Chernova 6/13/23
(Yuliya, Reporter, The Wall Street Journal, “More Startups Throw in the Towel, Unable to Raise Money for Their Ideas,” pg online @ https://www.wsj.com/articles/more-startups-throw-in-the-towel-unable-to-raise-money-for-their-ideas-eff8305b //um-ef)
The pace of startup shutdowns, fire sales and sharp business-strategy changes is picking up. Fresh capital from venture investors and bank loans is scarce and expensive. Going public is nearly impossible. Some business models that worked when cash was cheap are unsustainable now. That means venture-backed startups are running out of money and facing hard choices.
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