The most useful takeaway for me was: “In 2008, the average Series A company raised $4M on a $28.5M post. In 2009, it was considerably less with an average of $3

The most useful takeaway for me was: “In 2008, the average Series A company raised $4M on a $28.5M post. In 2009, it was considerably less with an average of $3.5M on a $14M post — half the valuation of the year before. And there were 30% fewer Series A rounds overall." Battening down the hatches and cutting costs is common sense. But, actually quantifying how much harder your next raise will be is helpful. Congrats to anyone who wasn't depending on it!