SAN FRANCISCO — Mark Frank, who runs a health technology start-up called SonderMind, had planned to wait until the end of 2020 to raise more money for his company. But after Uber and Lyft stumbled when going public and WeWork ousted its chief executive and pulled its initial stock offering, Mr. Frank changed his mind. With so much disappointment clouding start-up land and an economic slowdown looming, he decided that having more cash on hand was the better course . SonderMind, which raised $3 million in April, has 80 percent of that money left, Mr. Frank said. “The question is now, ‘Do we push that timeline up even further?’” said Mr. Frank, 41, who is based in Denver.

Source: New York Times November 17, 2019 19:52 UTC