[Maakuth]

Down-rounds are very undesirable though. So those 332 likely have not had other options. True number of companies that wouldn't really be valued as high as their peak raise is probably higher, but some of them have been able to find enough revenue or other sources of funding in order not to raise and be valued down.

[sidewndr46]

if you're a current equity holder they're undesirable. If you're buying in or buying more, no real reason to avoid a down round so long as the company is viable