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Chris Miller, a partner in Troutman Pepper’s Emerging Companies + Venture Capital Group, was quoted in the March 24, 2023 BioPharma Dive article, “Biotech Startups Face ‘Series A Cliff’ as Venture Capital Stays Cautious.”
“These companies are running out of money,” said Chris Miller, a partner with Troutman Pepper who works on private funding deals. “That’s a much bigger issue in biotech right now” than SVB, he added.
…
“Finding new investors, or significant chunks of new capital, is very difficult,” said Miller. “That is still the big concern.”
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