The Series A Round Is The New Series B Round

Editor's note: Jeff Jordan is a partner at Andreessen Horowitz and is on the boards of Airbnb, Belly, Fab, Circle, Crowdtilt, Lookout and Pinterest, as well as Wealthfront and Zoosk. The venture industry is awash with talk of the ?Series A Crunch.? In my short two-year tenure as a full-time investor, I?ve seen this crunch hit very hard at a number of quality, early-stage consumer companies. Why is this happening?

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