Bloomberg:
PitchBook: in H1 2022, VC funding fell 8% YoY to $147.7B, pushing US startups to raise $17.1B in debt, up 7.5% YoY — Venture capitalists have spent years aggressively buying stakes in cash-burning technology startups, valuing more than 1,000 of them at at least $1 billion apiece, even though many remained far from turning a profit.
