Steve Blank Podcast

Cram Down – A Test of Character for VCs and Founders


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Cram downs are back – and I’m keeping a list. At the turn of the century after the dotcom crash, startup valuations plummeted, burn rates were unsustainable, and startups were quickly running out of cash. Most existing investors (those still in business) hoarded their money and stopped doing follow-on rounds until the rubble had cleared.
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Steve Blank PodcastBy Steve Blank

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