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TechCrunch+ roundup: Non-dilutive biotech capital, long-term angel investing, WayRay’s $80M pitch deck


As a veteran startup worker who has been laid off during economic downturns, it’s dissonant to hear investors say this is a good time to launch a software company.
They’re not wrong, however.
An analogy: In California, nearly 10,000 wildfires burned more than 4 million acres two years ago, causing billions of economic damage and forcing thousands of residents to uproot their entire lives.

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In the years since, that deadly disaster has started reshaping local ecosystems by clearing out dead and diseased trees and reducing competition for resources like water and sunlight.
According to Kyle Poyar, a partner at OpenView, the current downturn is …

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