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{"id":29239,"date":"2023-04-17T21:47:37","date_gmt":"2023-04-17T21:47:37","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/17\/late-stage-startups-are-getting-the-hang-of-spending-less\/"},"modified":"2023-04-17T21:47:38","modified_gmt":"2023-04-17T21:47:38","slug":"late-stage-startups-are-getting-the-hang-of-spending-less","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/17\/late-stage-startups-are-getting-the-hang-of-spending-less\/","title":{"rendered":"Late-stage startups are getting the hang of spending less"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/17\/late-stage-startups-spending-less\/<\/a><\/br>
\nLate-stage startups are getting the hang of spending less<\/br>
\n2023-04-17 21:47:37<\/br><\/p>\n

\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

Back when Silicon<\/span> Valley Bank was still pitching a package of financial moves to its customers, it noted in a presentation<\/a> to its own investors that \u201celevated client cash burn\u201d was \u201cpressuring [its] balance of fund flows.\u201d<\/p>\n

The previously central bank to Silicon Valley told the stock market that while it had anticipated a \u201cmodest, progressive\u201d decline in startup cash consumption as venture dollars slowed, burn had \u201cnot moderated\u201d in the first quarter of 2023. This hurt its deposit base, which in turn was a precipitating factor in the run that later smashed the bank.<\/p>\n

\n

The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n

Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n

\n

Reading through the bank\u2019s notes before it failed a few dozen hours later, this column pulled out the burn statistic<\/a> as the most interesting nugget from SVB\u2019s asset sale and debt shakeup. Whoops<\/a>.<\/p>\n

Regardless of our inability to note an incipient bank run, the dataset formed an interesting conclusion in our minds: Startups were failing, at least in the United States, to truly reduce their burn rates.<\/p>\n

New data paints a slightly more nuanced picture. Thanks to Brex data shared with SaaSletter<\/a>, we can get a bit more granular. It turns out that when you compare later-stage startup spending cuts with their earlier peers, the bigger startups are doing a better job.<\/p>\n

The question, then, is whether that makes sense. Let\u2019s explore.<\/p>\n

Cut spend, cut burn<\/h2>\n

Recall that in the first quarter we saw late-stage round sizes and valuations fall sharply<\/a>. Capital flowing into larger, more richly valued startups is in retreat, and unicorns are currently wedged<\/a> between a rock (falling venture capital investment), a hard place (a completely dead IPO market and slow M&A activity for companies of their size) and a rocky hard place (the fact that many late-stage startups are carrying paper valuations that will not convert into new investment at par).<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/04\/17\/late-stage-startups-spending-less\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/17\/late-stage-startups-spending-less\/ Late-stage startups are getting the hang of spending less 2023-04-17 21:47:37 Back when Silicon Valley Bank was still pitching a package of financial moves to its customers, it noted in a presentation to its own investors that \u201celevated client cash burn\u201d was \u201cpressuring [its] balance of fund flows.\u201d The previously central bank to Silicon […]<\/p>\n","protected":false},"author":1,"featured_media":29240,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-29239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nLate-stage startups are getting the hang of spending less - 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