Bridge battle: Startups struggle to secure runway funding

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Despite the enterprise the capital asset class is at historical dry powder levels, many investors do not use it, causing their portfolio companies to struggle to get funding.

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Venture funding has been decline across the board this year, but the tone of how this temporary pullback could affect companies is starting to change. The mood at the start of the downturn was that only low-level startups would struggle, while good companies would raise normally or raise bridge funding – not that they ever called it that – and raise a proper round next year.

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But now it seems that many companies are struggling.

Elizabeth Ying, general partner and co-founder of Hustle Fund, a pre-seed fund, tweeted Last week, she began receiving emails from founders who had raised a seed round but were struggling to expand their runway left behind by their previous investors.

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Credit: techcrunch.com /

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