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How Much Worse Is a Three to One Demand Supply Ratio?
If I need $50 million to operate and I can only get $25 million, that's bad. And so if that's the entire market is asking for whatever $100 billion is this year and they can only get 50, companies are going to struggle. If you need $50 and I offer you $10, what is that six months of runway? Like, I mean, that's a total number. Yeah, right. That's either a major pivot. That's a lot more layoffs. So I think that two to one or the three to one, especially for those later stage adventure growth companies is pretty big discount. In 2021, people were asking for $100 million and they