article

Startup Anti-Pattern #11: Bridge to Nowhere

Jul 2, 2025·~12 minutes·9 chapters

Chapters

9 total

As part of the continued series on startup anti-patterns, we examine the dangerous territory of bridge rounds that lead nowhere: “Bridge to Nowhere.”

0:09

First, a Story

2:08

What It Is

1:40

Why It Matters

1:38

Diagnosis

1:42

Misdiagnosis

0:52

Refactored Solutions

1:48

When It Could Help

0:50

Final Thoughts

1:31

Description

How bridge financing can postpone a hard decision without giving a startup enough time or progress to reach its next fundraise.

We are not affiliated with Itamar Novick, Simeon Simeonov, or Recursive Ventures. We just like the series and wanted to make it easier to listen to, so this unofficial audio version is available to everyone for free.

Details

Duration

~12 minutes (11K characters)

Release date

Jul 2, 2025