Regardless of the ongoing debate about the state of the economy, we’ve already seen a significant market correction this year in the emerging company landscape. If you’re an early-stage Founder, checks may be harder to come by, valuations are likely lower, “insider rounds” and cutting costs are becoming the new normal.
If you need to raise money in 2023, this post from ScaleHouse attorney Mary Hull of Stoel Rives is a must read. From dismantling the stigma around down rounds to immediate actions you can take to extend your runway, this is your reminder that companies that survive challenging recessions can go on to thrive when the market turns.
As Mary says, “survive now to thrive later!”. Read more.