https://techcrunch.com/2022/07/15/techcrunch-roundup-save-your-equity-latam-crypto-survey-where-the-runway-ends/

Money doesn’t need to be protected from sudden vibrations or direct sunlight, so the term “dry powder” strikes me as a poor metaphor for the mounds of cash investors were dropping on startups just a few months ago.

“What’s crazy to me is that some of these companies are still in the seed-stage backed by very large firms who dabbled at this stage,” said Elizabeth Yin, a general partner and co-founder at pre-seed-focused Hustle Fund.