Zennström calls the end of high-valuations era, says founders and VCs must remove stigma of downrounds
TechCrunch
NOVEMBER 17, 2022
In a keynote address Zennström gave a blunt assessment of the economic environment, while unpacking how he failed several times in his own career during tough economic conditions. The alternative after 6 months could mean “a rescue financing littered with aggressive liquidation preferences and exit clauses.
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