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AI boom masks fundraising struggles for non-AI startups
Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should
Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies that made it this far should prioritize growth over cost-cutting. Yet, the companies still struggling to raise their next round of financing at a higher valuation or survive altogether could still be in the thousands, according to Brian Hirsch, co-founder of Tribeca Venture Partners. In many of these situations, existing investors are ready to support the company with additional funding, but they need a third party like Tribeca Ventures to value the deal, Hirsch told TechCrunch.
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