According to different estimations, around 90% of startups collapse at some point because they fail to maintain or start to generate profit. Despite a flourishing global startup ecosystem, which today is worth over $4 trillion, the life of a such a company is rarely easy. For example, only 8.7% of startups in the Baltic States, a currently promising region in the startup sphere, proceed from pre-seed/seed to series A rounds. In the global arena, venture capital funding conditions are worsening, too. Inflation, rising interest rates and the war in Europe have already stopped 2021’s money splash.
