Down rounds?

I had thought there would be a lot more down rounds announced by now. Perhaps there are a lot happening but companies are just simply not announcing them or keeping it hush in order to avoid the potential backlash.

Other companies may just be raising convertible notes instead in order of doing a priced round.

I still think there’s more down rounds coming in the months ahead. Startups need capital and many are still very much fundable albeit at lower valuations than they raised in 2020-2021.

I suppose the scary thought behind all this is that perhaps VCs are simply just not funding a lot of these companies that need capital. Some companies with high valuations, even unicorns, may not be able to raise and may be against the ropes.

I obviously hope there’s much less of that and more that companies are either preparing to announce these new rounds in Q2 or keeping things hush.