Fundraising for a startup is never easy, but getting investors to write you a check is particularly brutal at the moment.
CNBC has called the current situation "the hardest fundraising climate in more than a decade," noting that "the shutdown of the IPO market has resulted in a virtual freeze in pre-IPO rounds, and the dramatic contraction of software multiples has stalled private deal flows." While there are plenty of companies still having success raising money, at the moment there is little to no margin for error for founders.
