The venture PIPEs

When the public market shuts off, it's common to see the PIPE market heat up. One sign of the depth of this bear market is that it's inducing some VCs to play in the public space. The venture crowd is flush with money, and public valuations are often below similar stage private deals. Thus, there's a chance that we'll see more deals like the $45 million PIPE done by Corixa Corp., which was taken up entirely by a group of VCs.

"The venture side is saying

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