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Startups Seeing VC Capital Vanish

Worldwide, startup venture capital is expected to decline by 17% to about $63.8 billion during the first quarter of the year, according to Crunchbase News. “By our counts 5,000 to 7,000 startups per quarter dependent on venture funding to grow are immediately impacted,” it writes. “Startups in last-mile mobility, travel, hospitality and other sectors have seen their markets wiped out overnight.”

Read the whole story at Crunchbase »

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