This is a sobering blog post looking at the current state of Venture Capital.  The challenges in the public markets, including IPO's and
M&A are hurting liquidity among venture firms.  This makes it more difficult for them to take the risk of deploying new capital and
especially to raise new funds.  

This has implications for entrepreneurs at every stage of the fundraising process.  Capital is
still king in this market.  I like to have a minimum runway of 1 year of cash on hand (so cut the burn if that's not a reality).  Once you
get to 6 months of cash on hand, you're in a tough spot, and at 3 months, most investors will assume you're going to hit the wall, and
they don't want to bet on losers.

Be sure to check out the charts which really tell the story.


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