Rising loan rates hit startup economy hard | World Business Watch
The startup landscape has faced a challenging year, evident in new data revealing a stark increase in companies struggling to secure funding and a significant number shutting down altogether. according to equity management company carta, 19% of all startup funding rounds in the current year have secured capital at a lower valuation than initially targeted by investors.
This marks a substantial rise from the 5% recorded in 2021, underscoring the intensified difficulties faced by startups in raising capital amid the evolving economic landscape.
#startup #economy #loans
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