https://techcrunch.com/2023/01/13/does-it-ever-make-more-sense-to-raise-a-structured-round-over-taking-a-valuation-cut/

Venture capital funding continued its slump through the end of 2022, and there aren’t any real signs things are going to pick back up for a while. That means more doom and gloom ahead for startups looking to fundraise.

Many startups that tried to avoid raising a regular round in 2022 — or turned to an alternative to hold them over — will find themselves in a tough cash position this year and will have to try to raise.