Tech startups feel the Covid-19 pain as only 44 startups in Silicon Valley get funded in month

Tech investors appear to be getting less generous as the coronavirus pandemic riles markets, according to a new report chronicling the recent impact of the coronavirus on the industry. It found that valuation growth at Silicon Valley startups is slowing and investors are handing out fewer checks.

The report, released by law firm Fenwick & West, indicates that venture capitalists are becoming more cautious in light of the economic downturn.