"Anxieties that the pandemic would shutter vulnerable startups haven't quite seemed to materialize at scale: Funding in the third quarter surged to a seven-quarter high. Still, under the covers, the story has not been so simple. Some startups have hit warp-speed, while others are struggling even as they raise new funding. In the last quarter, law firm Cooley found that funding rounds that resulted in an uptick in valuations fell to their lowest level since the first quarter of 2017, when fears of a tech bubble soared but never quite found a cliff."

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