current round becomes last round b/c unlikeliness of hitting growth numbers. customers won't pay $0.80 for $1.0 when they have no job or their budget is frozen,

current round becomes last round b/c unlikeliness of hitting growth numbers. customers won't pay $0.80 for $1.0 when they have no job or their budget is frozen, and investors can't invest high multiples on growth when it isn't there. ("business is sound; we can switch to profitability whenever we want, we just prefer growth now" shown false, and investors don't want to look dumb when there are other fish in the sea or they can just wait). ironically, for startups with discipline or strong fundamentals, this is bargain season for them + stronger investors. but most VC's are slowing dealflow b/c they're used to in-person and (it sounds like) are weak around their LPs or think like those in the first group, so not taking advantage of it.