By Kristian Marquez, CFA Founder and CEO, FinStrat Management, Inc.
The fund-raising environment for startups has experienced a significant shift. The strategy of “growth at any cost” is under threat as the Federal Reserve has raised rates to a multi-decade high. As a result, startups that built their foundations on cheap cash and unsustainable unit-economics are witnessing a decline in their valuations and access to capital. And while some fear an impending economic downturn, not everyone views