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Bridge to Nowhere: How the Seed-Stage Loop Exposes Venture Capital’s Structural Crisis

Seed-stage startups are increasingly stuck in funding limbo, with record bridge rounds replacing Series A progression. This isn’t a founder failure—it’s part of the systemic breakdown in venture capital structure.
Bridge to Nowhere: How the Seed-Stage Loop Exposes Venture Capital’s Structural Crisis
Bridge rounds set records in Q1 2025
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