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US Startups Are Piling on Debt

• justinv 10y ago
  '"Folks don't want to do down rounds or flat rounds," says Haim Zaltzman, a partner at law firm Latham & Watkins LLP, which has handled well over 100 such loan transactions so far this year. "Debt allows you to get around that."' However, that doesn't really address/solve the problem as to why they need to take a down round.