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.
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This analysis is part of Venture Capital 2.0’s continuing research on capital structure, governance, and post-power-law venture design.
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