With the collapse of Silicon Valley Bank, founders find themselves in a predicament when looking to raise either equity or debt. Most companies run their business on equity capital alone and have access to a venture debt facility. Access to venture debt is a “break glass in case of emergency” facility in that it enables companies not to be as hardened when they must raise rather than raising tied to business milestones. When a majority of the venture debt market is slowing or pausing new loan originations, one thing’s for sure, this loss of runway capacity will inevitably drive behavior change on all sides. READ MORE