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As VC Deals Shrink, Convertible Fundraisings Are On The Rise

Carta quoted Member Joshua Fox about the state of the venture capital environment and the creative solutions startups are leaning on to avoid a down round. Josh shared, "The most notable trend that I am seeing is the prevalence of fundraising through bridge financings—usually with convertible debt, sometimes with SAFEs—where the round itself isn’t priced and companies are essentially postponing the priced round until the market gets better."