As the era of “free cash” comes to an end, the financing models around digital infrastructure have been dramatically shifting almost monthly. Access to capital is one of the primary enablers of entrepreneurship, but as the market matures and navigates a world of institutional shift, this panel will debate the current barriers to value creation and market competitiveness, if we have reached the end of debt finance and private equity, how hyperscalers are changing the game on the back of short selling views, rising borrowing costs, banks’ roles, liquidity, and tightening credit.