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Only 55 VC Funds Raised Money In The Third Quarter (Down 29 Percent).
- noor420 18y agoThis can mean that many startups now are avoiding vc money. Maybe they are bootstrapping more since it is less costly?
- andrewbadera 18y agoYou think it's a matter of choice? As CTO of a venture-seeking startup, I can assure you, it's not. Everyone would love to bootstrap, but you have to be practical and pragmatic. No one's choosing to avoid VC money right now, but the barrier to entry to the VC world has certainly gone up for the time being. Stricter qualifying criteria & whatnot.
- fallentimes 18y agoEVERYBODY PANIC A lot of startups no longer need VC money. With services similar to Amazon's in numerous other aspects of business (accounting, outsourcing, admin work, HR, research) and ridiculously cheap server costs & hardware, most startups don't need near the amount of capital that they used to.